Marcy Moyer
Keller Williams

Realtor®

 


Why You Should List Your Blossom Valley Home on December 26 

10/28/2014

 

Selling a home in blossom Valley

I know what you are thinking, I am going to wait till after the first of the year or the spring to sell my San Jose home. It would be stupid to list a home during the holidays, no one does that. Or no one is looking for a home during the holidays. 

1. The inventory has never been lower. As of today there are only 61 homes for sale in Blossom Valley. A buyer's market doesn't even happen until there are over 100 homes for sale. List in December and you will have little compettion.

2. There are many people who are planning on moving to Blossom Valley who are using winter break to come and look for a home. When there are only 61 homes for sale it is not hard to see how much your home will be apprectiated.

3. If you list your home on Dec 26 or there abouts, you could get the out of towners who are here over vacation looking for homes. Keep it on the market 2 weeks with an open house the first week in Jan and then take offers the following week. This way you can also get the locals who were out of town Christmas week.

4. Registration information for School Choice transfers programs begins early in the year so there are many people with school age children who want a Blossom Valley address when school choice options are open. Selling a Blossom Valley home at the end of December would work perfectly for these families.

So in my opinion, if you are ready to sell your home in Blossom Valley then my suggestion is don't let a great opportunity pass you by. If you are ready to list in December, wait until after Christmas day, and then get it on the market. Your results will be very satisfying.

If you have any questions about selling a home in Blossom Valley please feel free to contact me.

 

If you would like to search for blossom Valley Homes for sale click here.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

When Selling A Home In Palo Alto to Bee Or Not To Bee

10/4/2014

selling a home in palo alto

 

I was recently asked to go to a home in the Barron Park neighborhood of Palo Alto to speak to the owners about possibly selling their Palo Alto home. We did the typical tour of both inside and outside of this lovely farm home style home from the early 20's. It had been in the family since it was built and the 3 siblings who inherited it are getting ready to sell this beautiful Palo Alto home

There were many things that stand out about this beautiful old home, but to me the most interesting thing I saw was the largest bee hive I had personally seen in my 20 years in business.

It is not uncommon to see a termite report with a mention of a bee or wasp nest attached to the Palo Alto home for sale. When this happens as a Palo Alto real estate agent I generally tell my client that it is best to remove the wasp nest. Getting stung by a wasp is not going to give a potential buyer a warm fuzzy feeling about buying a Palo Alto home where the sting occurred. Get an exterminator!

Removing a bees nest is a little different. Bees are having some problems with survival, and we need them. They pollinate and make honey. There are a number of local companies that will remove the hives and not kill them. It is more expensive than an exterminator, but better for our environment.

I firmly believe that relocating bees when you are selling a Palo Alto home is the best idea. Not only can being stung by a bee be uncomfortable for potential Palo Alto home buyers, but it can also be a real health hazard for those with bee sting allergies.

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

If you would like to search for homes for sale in Palo Alto click here.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285



A Fantastic Experience With Bank of America in A Mountain View Sale 


09/14/14



Last week I wrote a blog about how a lender can derail a home sale. Today I want to write about how a lender made a Mountain View home sale happen. The lender is Lisa Austin with Bank of America. As aMountain View real estate agent I could not be more impressed.

I have been working with a great couple who were looking for a home in Mountain View Ca. I know, who isn't looking for a home in Mountain View if you work in the Silicon Valley. The market here is intensely competitive, and it is not uncommon to make 10-15 offers on Mountain View homes before being successful. Getting out bid is the norm, especially if you are getting a loan.

 

My clients were outbid twice on homes in Rex Manor. 3 weeks ago they made an offer on a home in North Whisman. Lisa Austin from Bank of America called the listing agents and talked to them about how qualified my clients were and how she could absolutely close the escrow in 25 days. It would have been 24 but we had a day off for Labor Day.

The listing agents were so impressed with Lisa's professionalism and knowledge they said it was one of the big factors in our offer being accepted over 5 other offers.

The appraisal was smooth and even came in at value even though there were no comps in the immediate neighborhood. The appraiser used comps from Rex Manor and had no problem with the value of this Mountain View home which is not always the case in today's appreciating market.

Loan docs for this Mountain View home came in on time as did funding the loan. The loan funded on Friday, for a Monday close. Most banks would charge the buyer for interest on the loan over the week-end, but not Bank of America. My Mountain View buyers do not start paying until they close on Monday.

All in all the process could not have been smoother, and I have some very happy clients.

If you have any questions about buying or selling a home in Mountain View please feel free to contact me.

If you would like to contact Lisa Austin at Bank of America her contact info is:

Lisa Austin

Mortgage Loan Specialist

NMLS ID 483486

Retail Mortgage Sales
Bank of America Home Loans
1010 El Camino Real Ste 360

Menlo Park, CA 94025

Phone: (650) 798-5921

Fax: (866) 518-9204

lisa.m.austin@bankofamerica.com

If you want to look for homes for sale in Mountain View click here.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285



Some Of The Many Ways A Lender Can Derail Buying Your Sunnyvale Home 

09/06/2014
 

Buying a Sunnyvale home

Buying a home in Sunnyvale is not easy. There has never been more competition and other very qualified buyers. Prices are at historic highs and inventory at historic lows. Decisions must be made quickly and very often in a multiple offer situation if the Sunnyvale home buyer asks for a contingency for anything they will most likely not be the winning bid.

Making a non contingent bid on a Sunnyvale home is risky, especially if you need for the home to appraise because your down payment is only 20%. In fact, I do not recommend that anyone take that chance. Fortunately my latest Sunnyvale buyers did not have to make a non contingent offer to get the home they want, because they were in the position of only having 20% down at this point. 

Being able to have an offer accepted with a loan contingency for a Sunnyvale home was lucky for them, because the mortgage broker almost derailed the sale.

My clients were pre approved with a mortgage broker from a well known and respected company. The husband had a resident alien visa and he and his wife were pre approved through the mortgage company for a jumbo loan with 20% down. The mortgage broker was going to use Chase.

My clients made an offer on a home in Sunnyvale that is on a fairly busy street and unlike many other Sunnyvale homes for sale was not listed under priced. They were the only Sunnyvale buyers making an offer and so they were able to ask for a loan and appraisal contingency and the sellers agreed.

The appraisal was fine, but the day the contingency should have been removed Chase said they did not qualify for the loan because resident aliens needed 30% down for a jumbo loan. This information should have been known by the mortgage broker, but it wasn't. I can not explain why.

Fortunately the sellers gave my Sunnyvale buyers an extension and the mortgage broker found another lender who would loan 80% on a jumbo loan and managed to close only 2 days late. 

However, this could easily have gone the other way. The sellers could have not given an extension. The mortgage broker could have not found another loan. The mortgage broker could have found another lender but they may not have appraised the house for the offered price.

Bottom line this should not have happened. The mortgage broker should have known the rules. This could have cost my buyer the sale.  I can not tell you how many times my Sunnyvale buyers said they should have used my favored lender.

I did not say I told you so. Not needed.

If you have any questions about buying or selling a home in Sunnyvale please feel free to contact me.

If you would like to search for homes for sale in Sunnyvale click here.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

CAL BRE 01191194

650-619-9285


When Selling A Home At The Villages San Jose What Should You Fix? 

 08/17/2013
 

 If you have been given the responsibility to sell a home in The Villages Golf and Country Club San Jose through probate or trust there are many things to consider. Right now, I want to talk about one. 

 
What should you do to the home to put it on the
 
market? 
 
There are many right answers to this question, and a few wrong ones as well.  Let’s discuss.
 
First of all, many homes in The Villages San Jose that are in probates are trusts have been well used. There are often deferred maintenance issues as well as great cosmetic challenges.  If your probate or trust home is in beautiful shape you can skip this blog post. If not, which is more likely, please read on. 
 
The most important thing to remember is that you should not fix structural problems, just disclose them. The reason for this is that the estate will become responsible if you do something like replace the windows if they leak.  If the contractor does something incorrectly, or without needed permits, the liability to the estate will be on your hands. Remember The Villages San Jose will do an inspection to see if there is unpermitted work before the title transfers so just get the home inspected and let the potential buyers know what they are getting into.
 
 
A BEFORE PICTURE OF A KITCHEN I WORKED ON WITH MY PARTNER



 

 

 

 

 

 

 

 

 

That said, these homes are often dirty, smelly, ugly, have popcorn ceilings, or just outdated.  Very often home appearances are ignored during the end of an owner’s life. It is totally normal and not a moral flaw on anyone’s part, so don’t worry about a snarky neighbor,  buyer, or agent’s comments if they occur.  It is perfectly ok, and even beneficial to do some cosmetic upgrades and staging before putting a home in The Villages San Jose up for sale.  


What I tell my clients when I list a probate or trust
 
home is that we are trying to remove the yuck
 
factor. When a potential buyer comes into a home
 
we just do not want them to say “yuck.”  
 
It is amazing what paint, removing old carpet, and replacing lights and electrical faceplates can do. Paint and an air filter can even help remove the smell of cigarette smoke.  If the home has carpets with smoke smell they will have to be removed. The smoke smell can even come from your loved one forgetting to open the damper when using the fireplace. Old fashioned drapes can be removed and modern, inexpensive ones from places like Bed Bath & Beyond can be used.  The kitchen can have old cabinets painted and new hardware installed for a whole new look. Staging is essential and can really change the feel of a home from old and dated to “I can live here.” It does not even have to be in every room, but if you can do the living room and one bedroom even that is a help.
 
 
 
AFTER PHOTO OF KITCHEN
There are very few investors in the market who will want to purchase a home in the Villages San Jose due to rental restrictions and high HOA fees so you will want to appeal to the buyer looking for a home to live in. 
 
By taking away the
 
yuck and replacing
 
it with this looks
 
livable, you will get
 
a much better price for the estate.
 
I recommend you find a great San Jose Villages Real Estate Agent and work with him or her to make your loved one's home look livable without adding liablilty to the estate and then reap the rewards.
 
 Right now there are 11 homes on the market ranging in price from $310,000 to $675,000. If you would like to see the current inventory of condos for sale in The Villages of San Jose click here If you would like to see the current inventory of single family homes for sale in The Villages of San Jose click here.

If you have any questions about buying or selling a home at The Villages San Jose please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyercom

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

Six Duties Every Real Estate Agent Owes Their Client, COLD AC  

July 14, 2014

An agent enters into a fiduciary relationship with their client when they sign an agency agreement or also known as a representation agreement. This relationship is a legal relationship which provides for very specific duties owed to the client. Keep in mind, these duties aren’t just moral and ethical in nature but, are as much statutory and legislative as anything else. Two specific types of law are in control of this relationship and they are the Common Law of Agency and Statutory Law. I will discuss those duties below in detail and I strongly recommend that before you enter into any agency agreement with your local licensed real estate professional, you read over these duties and understand them.

 

Care: The fiduciary duty of care is when an agent is required by law to give his client and the transaction the necessary attention in order to do the job correctly and to avoid any damage or risk to the client. The idea behind this duty is that you, as the client, expect the agent to know more about real estate than the average person on the street. For this reason, the agent should use his knowledge, experience and expertise to your benefit.

When an agent doesn’t exercise reasonable care, a court of law could find that the agent neglected his duty. In situations where the agent was found to be neglectful, the agent could be liable to his client for any loss resulting from the agent’s lack of attention or neglect.

Obedience: The fiduciary duty of obedience is when an agent is required by law to act honestly, fairly and in good faith at all times, obeying the client’s lawful instructions. This duty is fairly self explanatory however, it’s important to remember that this duty is not absolute. The agent doesn’t have to obey any instructions that cause the agent to break the law or violate any moral or ethical standard.

Loyalty: The fiduciary duty of loyalty is when an agent is required by law to place his client’s interest above his own. It has been my experience that this duty always seems to bring the most debate however, the law is very clear. Your agent owes you his loyalty, above his own interest. This brings the most debate because most representation agreement includes commissions that are based on percentages of the gross sales price. In other words, the agent makes more money if he obtains a higher sales price on the home. The reason this can be a source of conflict is that sometimes, getting the most money for a home isn’t the offer that serves the clients best interest. In these types of cases, many agents seem to forget their loyalty duty in an effort to obtain the highest price and therefore, putting their own self interest above their clients. As the agent, we owe our clients absolute loyalty, above our own self interest.

Disclosure: The fiduciary duty of disclosure is when an agent is required by law to keep his client informed of all the facts and any other information that could impact the client. This duty brings in another concept called Material Facts. It’s important to know and understand that the definition of material facts is very broad in order to cover any fact that the client would consider in determining whether or not to engage in the transaction. When you couple the disclosure duty with the care duty, you get an agent who is obligated by law to find the facts that are important to the transaction. In fact, agents can be held liable for any damages relating to not disclosing their knowledge regardless if it’s favorable or unfavorable to their client. The rule of thumb for agents is to disclose everything and if you even have to question whether or not to disclose something, you disclose it.

Accounting: The fiduciary duty of accounting is when an agent is required by law to keep a record and be able to report on the status of ALL funds received on behalf of their client. In many states, agents are required to actually provide accounting records on funds to all parties in the transaction. Here in Tennessee, we are required by law to have funds deposited within certain time frames and they must be deposited into special escrow accounts as to not to co-mingle our client funds with our own.

Confidentiality: The fiduciary duty of confidentiality is when an agent is required by law to keep their clients affairs secret. This is likely the 2nd most hotly debated duty by agents because, not all agents have the same opinion on what is considered confidential and what isn’t. One of the biggest mistakes agents make in regards to this duty is disclosing their client’s eagerness or willingness to get the deal done. For example, your agent shouldn’t be telling the other party things like, “My client really wants this house and he will do what needs to be done to get it” or “My seller really needs to sell.” Statements like these could potentially give the other party an edge in negotiations and therefore hurt the client. Anything you tell your agent should remain confidential with one exception and that is material facts.

 

As you can see, working with an agent to buy or sell your home has very specific legal duties that are owed to you by the agent. When entering into a representation agreement, it’s imperative that you know and understand these duties. Knowledge of these duties will help you find the right agent for you and your needs. When selling, buying or investing here in Nashville TennesseeLiberty House Realty LLC is aware of our duties to you and are ready to help.

 

This is a guest blog by:

Jesus "Jesse" D. Gonzalez Jr. Realtor, BBB Accredited Business

Principal Broker / Owner

Liberty House Realty LLC

1709 Ridgemere Ct.

Hermitage, Tn 37076

Designation / Certification: REOPro, RDCPro, NFSTI, PSC Pre-Foreclosure Mastery, PSC HAMP Mastery, PSC HAFA Mastery, PSC FDCPA Compliant, CDAT, HRC, Short Sale Specialist

EMATR Ethics Standard Grievance Committee Member




Mountain View Ca: The Perils of Non Contingent Offers, For Sellers 

palo alto non contingent offer

In this crazy market of homes getting five, ten, fifteen, even twenty offers, everyone knows that buyers are taking a risk when they make a non contingent offer on a Mountain View home. This means that the buyer is waiving all rights to inspect the house as well as any rights to back out of the offer on the Mountain View home for sale if the bank turns down the request for a loan. A non contingent offer on a Mountain View home also means that no matter what the home appraises for, the buyer agrees to make up the difference in cash.

Here is how it works.  The home is listed for $995,000. The winning offer is $1,300,000. The buyer is going to put 20% down or $$260,000 and get a loan for $1,040,000.  The buyer shows proof of funds of $350,000.

Now let's say the Mountain View real estate agent representing the seller believes that the comps for the house proved the home was worth between $1,100,000 and $1,150,000 and is suggesting listing under a million to generate a lot of offers.

If the seller picked a great Mountain View real estate agent then he or she should be very confident that an appraiser will also feel the home is worth $1,100,000 to $1,150,000. If the home appraises for $1,150,000 then the bank will loan 80% of that number or $920,000 and the buyer will need $380,000 for the down payment as well as money for closing costs and reserve requirements from the bank.

You can see from this example that the buyer of this Mountain View home for sale is going to be in trouble. With only $350,000 in available cash the deal is not going to work.  This buyer has aspirations that do match with his/her wallet.

The consequence to the buyer is that the non contingent offer does not give him/her an out and the 3% deposit made with the offer is at risk of being forfeited. This is common knowledge, but what about the risk to the seller.

People rarely talk about the seller's risk in a transaction. Even in this hot Mountain View seller's market the seller can be left in a bad situation if the first buyer can not perform. You may have a back up offer but that person may have already found another home or had a change of heart. The word will get around that the home only appraised for $1,150,000 and so getting $1,300,000 for your Mountain View home may be tough. Getting $1,250,000 at this point could be tough.  Also, you could potentially lose weeks of time which can disrupt the plans of a Mountain View home seller, or put the house back on the market at a less favorable time.

The lesson to be learned here is that in looking at offers the highest may not be the best. YourMountain View Real Estate agent should help you analyze which potential buyer has the best chance of closing the deal the first time around.

If you have any questions about selling a home in Mountain View please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285



Menlo Park Ca Real Estate Market Update 5/18/2014
 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 35 single family Menlo Park homes for sale up from 25 last week.

 

There are currently 9 Menlo Park town homes/condos up from 4 last week.

 

There are currently 36 pending sales of Menlo Park single family homes up from 27 last week.

 

There are currently 4 pending sales of Menlo Park homes/Condos  down from 6 last week.

 

This week there were 12 new Menlo Park single family home listings and 3 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way.

 

In April of 2014 there were 28 single family Menlo Park homes sold ranging in price from $648,000 to $4,985,000.  In April of 2013 there were 9 Menlo Park Town Homes/Condos sold.   The prices ranged from $630,000 to $1,725,000. 

 

Of the 28 Menlo Park sales in April of 2014 only 7 were sold with all cash, the other 21 or 75% were financed. This is a very good percentage as about 33% of homes in the area are being sold with all cash.  Of the 9 condos sold, 7 were all cash. This is a fluke, I hope. I think it also represents a large number of move down buyers, not just investors. Since prices are so high and many homeowners in Portola Valley and Woodside are tired of their acre plus lots and high maintenance homes, there are a lot of cash buyers who are buying condos right now.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of getting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285



Palo Alto Ca Real Estate Market Update 5/18/2014 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought, is getting worse.

 

There are currently 28 single family Palo Alto homes for sale, down from 38 last week

.

There are currently 7 Palo Alto town homes/condos for sale, up from 4 last week.

 

There are currently 47 pending sales of Palo Alto single family homes up from 38 last week.

 

There are currently 5 pending sales of Palo Alto Town homes/Condos down from 6 last week.

 

Last week there were 11 new Palo Alto single family home listings and 3 new Palo Alto condo listings. Basically the pending sales are more than keeping up with the new listings.  

 

In April of 2014 there were 45 single family Palo Alto homes sold.  The prices ranged from $1,670,000  to over $7,500,000. The home for over 7,500,000 withheld the sales price.  Of the 45 sales, 18 were all cash. That is just about 33% which seems to be about the norm.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

 

In April of 2014 there were 12 Palo Alto Town Homes/Condos sold,   The prices ranged from $580,000 to $1,850,000. Nine of these sales were financed and 3 were cash. 

 

Traditionally the market picks up in March and April and we saw flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and sellers would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285



Palo Alto Ca Real Estate Market Update 5/4/2014 Happy Star Wars Day!

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 38 single family Palo Alto homes for sale, the same as last week

.

There are currently 4 Palo Alto town homes/condos for sale, the same as last week.

 

There are currently 38 pending sales of Palo Alto single family homes down from 39 last week.

 

There are currently 6 pending sales of Palo Alto Town homes/Condos the same as last week.

 

Last week there were 15 new Palo Alto single family home listings and 1 new Palo Alto condo listings. This is a 25% drop from the week before in SFR lisitngs.  

 

In April of 2014 there were 45 single family Palo Alto homes sold.  The prices ranged from $1,670,000  to over $7,500,000. The home for over 7,500,000 with held the sales price.  Of the 45 sales 18 were all cash. That is just about 33% which seems to be about the norm.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

 

In April of 2014 there were 12 Palo Alto Town Homes/Condos sold,   The prices ranged from $580,000 to $1,850,000. Nine of these sales were financed and 3 were cash. 

 

Traditionally the market picks up in March and April and we saw flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285


Menlo Park Ca Real Estate Market Update 4/28/14

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 20 single family Menlo Park homes for sale up from 13 last week.

 

There are currently 5 Menlo Park town homes/condos up from 3 last week.

 

There are currently 26 pending sales of Menlo Park single family homes down from 27 last week.

 

There are currently 5 pending sales of Menlo Park homes/Condos  up from 3 last week.

 

This week there were 9 new Menlo Park single family home listings and 3 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way and a lot more than on Easter Week.

 

In March of 2014 there were 26 single family Menlo Park homes sold ranging in price from $442,000 to $4,873,050.  In March of 2013 there were 9 Menlo Park Town Homes/Condos sold.   The prices ranged from $673,000 to $1,335,000. 

 

Of the 26 Menlo Park sales in March of 2014 only 8 were sold with all cash, the other 18 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties. Of the 9 condos sold, 3 were all cash, or about 33%.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285



Palo Alto Ca Real Estate Market Update 4/28/14 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 38 single family Palo Alto homes for sale, up from 26 last week

.

There are currently 4 Palo Alto town homes/condos for sale, down from 5 last week.

 

There are currently 39 pending sales of Palo Alto single family homes the same as last week.

 

There are currently 6 pending sales of Palo Alto Town homes/Condos up from 5 last week.

 

Last week there were 20 new Palo Alto single family home listings and 2 new Palo Alto condo listings. This is the highest number of new single family home listings all year.  

 

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

 

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285



Menlo Park Ca Real Estate Market Update April 20, 2014 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 13 single family Menlo Park homes for sale down from 19 last week.

 

There are currently 3 Menlo Park town homes/condos down from 4 last week.

 

There are currently 27 pending sales of Menlo Park single family homes down from 34 last week.

 

There are currently 3 pending sales of Menlo Park homes/Condos  down from 4 last week.

 

This week there were 2 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way as this week had Easter Week-end.

 

In March of 2014 there were 26 single family Menlo Park homes sold ranging in price from $442,000 to $4,873,050.  In March of 2013 there were 9 Menlo Park Town Homes/Condos sold.   The prices ranged from $673,000 to $1,335,000. 

 

Of the 26 Menlo Park sales in March of 2014 only 8 were sold with all cash, the other 18 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties. Of the 9 condos sold, 3 were all cash, or about 33%.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285



Palo Alto Ca Real Estate Market Update April 20,2014

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 26 single family Palo Alto homes for sale, down from 41 last week

.

There are currently 5 Palo Alto town homes/condos for sale, up from 3 last week.

 

There are currently 39 pending sales of Palo Alto single family homes the same as last week.

 

There are currently 5 pending sales of Palo Alto Town homes/Condos down from 9 last week.

 

Last week there were 4 new Palo Alto single family home listings and 2 new Palo Alto condo listings. This drop is expected as it is Easter Week-end.  

 

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

 

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285



Menlo Park Ca Real Estate Market Update 4/13/14

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 19 single family Menlo Park homes for sale down from 20 last week.

 

There are currently 4 Menlo Park town homes/condos down from 6 last week.

 

There are currently 34 pending sales of Menlo Park single family homes up from 24 last week.

 

There are currently 4 pending sales of Menlo Park homes/Condos  up from 2 last week.

 

This week there were 8 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way and it is an increase from last week.

 

In March of 2014 there were 26 single family Menlo Park homes sold ranging in price from $442,000 to $4,873,050.  In March of 2013 there were 9 Menlo Park Town Homes/Condos sold.   The prices ranged from $673,000 to $1,335,000. 

 

Of the 26 Menlo Park sales in March of 2014 only 8 were sold with all cash, the other 18 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties. Of the 9 condos sold, 3 were all cash, or about 33%.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

Palo Alto Ca Real estate Market Update 4/6/2014     

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 28 single family Palo Alto homes for sale, up from 25 last week

.

There are currently 4 Palo Alto town homes/condos for sale, down from 6 last week.

 

There are currently 28 pending sales of Palo Alto single family homes down from 31 last week.

 

There are currently 11 pending sales of Palo Alto Town homes/Condos up from 8 last week.

 

Last week there were 8 new Palo Alto single family home listings and 1 new Palo Alto condo listings. This is the first time in a month that the number of new listings went down. It may be because it was spring break for the Palo Alto School district.

 

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

 

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285e




Menlo Park Ca Real Estate Market Update Marcy 30, 2014 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 26 single family Menlo Park homes for sale up from 22 last week.

 

There are currently 4 Menlo Park town homes/condos the same as last week.

 

There are currently 26 pending sales of Menlo Park single family homes down from 26 last week.

 

There are currently 8 pending sales of Menlo Park homes/Condos  down from 9 last week.

 

This week there were 7 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way. 

 

In Feb. of 2014 there were 17 single family Menlo Park homes sold ranging in price from $1,041,000 to $3,650,000.  In Feb of 2013 there were 4 Menlo Park Town Homes/Condos sold.   The prices ranged from $545,000 to $1,551,000. 

 

Of the 17 Menlo Park sales in January of 2014 only 6 were sold with all cash, the other 11 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285



Palo Alto Ca Real Estate Market Update 

Marcy 29, 2014

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 25 single family Palo Alto homes for sale, the same as last week

.

There are currently 6 Palo Alto town homes/condos for sale, up from 3 last week.

 

There are currently 31 pending sales of Palo Alto single family homes up from 20 last week.

 

There are currently 8 pending sales of Palo Alto Town homes/Condos down from 10 last week.

 

Last week there were 12 new Palo Alto single family home listings and 3 new Palo Alto condo listings. That is a jump over the last 3 weeks and hopefully a trend.

 

In Feb. of 2014 there were 17 single family Palo Alto homes sold.  The prices ranged from $1,225,000  to $6,0000,000. The lot on the 1.2 mil sale was less than 3000 square feet. Of the 17 sales only 9 were all cash which is not a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors. However, most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

 

In Feb. of 2014 there were 4 Palo Alto Town Homes/Condos sold,   The prices ranged from $1,255,000 to $1,410,000. Two of these sales were financed and 2 were cash. One of the cash sales was for a condo in a senior development so it is typical for there not to loans on those.

 

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285



Menlo Park Ca Real Estate Market Update 3/22/2014

Marcy 22, 2014

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 22 single family Menlo Park homes for sale the same as last week.

 

There are currently 4 Menlo Park town homes/condos the same as last week.

 

There are currently 29 pending sales of Menlo Park single family homes the same as last week.

 

There are currently 9 pending sales of Menlo Park homes/Condos  the same as last week.

 

This week there were 6 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way. It is very odd that everything is exactly as last week.

 

In Feb. of 2014 there were 17 single family Menlo Park homes sold ranging in price from $1,041,000 to $3,650,000.  In Feb of 2013 there were 4 Menlo Park Town Homes/Condos sold.   The prices ranged from $545,000 to $1,551,000. 

 

Of the 17 Menlo Park sales in January of 2014 only 6 were sold with all cash, the other 11 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285



Palo Alto Ca Real Estate Market Update March 22, 2014

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 32 single family Palo Alto homes for sale, up from 25 last week

.

There are currently 5 Palo Alto town homes/condos for sale, up from 3 last week.

 

There are currently 19 pending sales of Palo Alto single family homes down from 20 last week.

 

There are currently 10 pending sales of Palo Alto Town homes/Condos the same as last week.

 

Last week there were 14 new Palo Alto single family home listings and 4 new Palo Alto condo listings. That is a big jump over the last 3 weeks and hopefully a tred.

 

In Feb. of 2014 there were 17 single family Palo Alto homes sold.  The prices ranged from $1,225,000  to $6,0000,000. The lot on the 1.2 mil sale was less than 3000 square feet. Of the 17 sales only 9 were all cash which is not a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors. However, most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

 

In Feb. of 2014 there were 4 Palo Alto Town Homes/Condos sold,   The prices ranged from $1,255,000 to $1,410,000. Two of these sales were financed and 2 were cash. One of the cash sales was for a condo in a senior development so it is typical for there not to loans on those.

 

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

How Much Over Asking Are Menlo park Homes Selling for in 2014? 

 

Menlo Park Multiple offers

Anyone trying to buy a home in Menlo Park right now knows that it is tough out there. There are many more buyers than sellers and many Menlo Park homes sell with multiple offers way over list price. Some homes go as much as 30% over asking, but some do not. How does a buyer make the decision about how much to offer to have the winning bid in a Menlo Park multiple offer situation and not overpay?
The answer is not simple, and sometimes it is not a question of price, but terms, like contingencies, length of escrow, length of rent back, etc.
 
But for right now, let's just discuss price. Here are some things to keep in mind when you make an offer on a Menlo Park home in a multiple offer situation,
1. In my opinion the most important thing is, how much is this home worth to you? In other words, what price would you offer so that if it sold for $1000 more you would not be sorry because you do not want to pay that much. It may be that you would pay more than your offer if you could, but you can't so you are just doing your best. But if that is not the case you need to decide how much the house is worth to you so that if you do not get it you will not have regrets.
2. How is the asking price of this home compared to market value? If the house is listed low it will get multiple offers and sell for much more. If it is listed at or above market value it will not. This is not rocket science. Figuring out market value can be a little tricky since there are many variables, and the market is a moving target, but a good Menlo Park real estate agent should be able to help you analyze comps. Once you know the market value you will have to offer more in an appreciating market like we are in now. Sorry, but that is the truth.
3. What is the style of the listing agent? Does he or she like to list homes very low to get as many multiple offers as possible on their Menlo Park listings? Does the agent over value a home to try to get more money for their client, or just try to win out on a competitive listing? Does the agent like to work with multiple counter offers, or accept the the first best offer?  Your agent should be able to give you insight into what other Menlo Park real estate agents like to do.
 
In the end, the final offer price and terms will be your decision, but if you have a great Menlo Park real estate agent he or she can help guide you through the murky waters of Menlo Park multiple offers.
If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.
 
Marcy Moyer
marcy@marcymoyer.com
Ca B.R.E. 01191194
650-619-9285

 

Menlo Park Ca Real Estate Market Update March 16, 2014 

 

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 22 single family Menlo Park homes for sale down from 27 last week.

 

There are currently 4 Menlo Park town homes/condos down from 8 last week.

 

There are currently 29 pending sales of Menlo Park single family homes up from from 23 last week.

 

There are currently 9 pending sales of Menlo Park homes/Condos  up from 6 last week.

 

This week there were 4 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not  enough to satisfy demand and a huge drop from last week whenthere were 15 new single family home listings.

 

In Feb. of 2014 there were 17 single family Menlo Park homes sold ranging in price from $1,041,000 to $3,650,000.  In Feb of 2013 there were 4 Menlo Park Town Homes/Condos sold.   The prices ranged from $545,000 to $1,551,000. 

 

Of the 17 Menlo Park sales in Feb of 2014 only 6 were sold with all cash, the other 11 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better.   If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

 

Palo Alto Real Estate Market Update 3/16/2014 

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 25 single family Palo Alto homes for sale, up from 21 last week

.

There are currently 3 Palo Alto town homes/condos for sale, down from 6 last week.

 

There are currently 20 pending sales of Palo Alto single family homes down from 21 last week.

 

There are currently 10 pending sales of Palo Alto Town homes/Condos up from 9 last week.

 

Last week there were 11 new Palo Alto single family home listings and 1 new Palo Alto condo listings. That is a jump over the last 2 weeks and hopefully a tred.

 

In Feb. of 2014 there were 17 single family Palo Alto homes sold.  The prices ranged from $1,225,000  to $6,0000,000. The lot on the 1.2 mil sale was less than 3000 square feet. Of the 17 sales only 9 were all cash which is not a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors. However, most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

 

In Feb. of 2014 there were 4 Palo Alto Town Homes/Condos sold,   The prices ranged from $1,255,000 to $1,410,000. Two of these sales were financed and 2 were cash. One of the cash sales was for a condo in a senior development so it is typical for there not to loans on those.

 

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

 

Menlo Park Real Estate Market Update March 9, 2014 

 

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 27 single family Menlo Park homes for sale up from 21 last week.

 

There are currently 8 Menlo Park town homes/condos down from 9 last week.

 

There are currently 23 pending sales of Menlo Park single family homes up from from 20 last week.

 

There are currently 6 pending sales of Menlo Park homes/Condos  down from 4 last week.

 

This week there were 15 new Menlo Park single family home listings and 2 new Menlo Park condo listings. Not  enough to satisfy demand but hopefully more are on the way and the biggest increase we have had all year.

 

In Feb. of 2014 there were 17 single family Menlo Park homes sold ranging in price from $1,041,000 to $3,650,000.  In Feb of 2013 there were 4 Menlo Park Town Homes/Condos sold.   The prices ranged from $545,000 to $1,551,000. 

 

Of the 17 Menlo Park sales in January of 2014 only 6 were sold with all cash, the other 11 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

Palo Alto Ca Real Estate Market Update 3/9/2014

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 21 single family Palo Alto homes for sale, up from 18 last week

.

There are currently 6 Palo Alto town homes/condos for sale, down from 8 last week.

 

There are currently 21 pending sales of Palo Alto single family homes up from 17 last week.

 

There are currently 9 pending sales of Palo Alto Town homes/Condos down from 10 last week.

 

Last week there were 10 new Palo Alto single family home listings and 1 new Palo Alto condo listings. That is a jump from the last few weeks and hopefully a tred.

 

In Feb. of 2014 there were 17 single family Palo Alto homes sold.  The prices ranged from $1,225,000  to $6,0000,000. The lot on the 1.2 mil sale was less than 3000 square feet. Of the 17 sales only 9 were all cash which is not a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors. However, most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

 

In January of 2014 there were 4 Palo Alto Town Homes/Condos sold,   The prices ranged from $1,255,000 to $1,410,000. Two of these sales were financed and 2 were cash. One of the cash sales was for a condo in a senior development so it is typical for there not to loans on those.

 

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

 

Menlo Park Ca Real Estate Market Update 3/2/2014

 

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 21 single family Menlo Park homes for sale down from 29 last week.

 

There are currently 9 Menlo Park town homes/condos up from 3 last week.

 

There are currently 20 pending sales of Menlo Park single family homes up from from 15 last week.

 

There are currently 4 pending sales of Menlo Park homes/Condos  the same as last week.

 

This week there were 2 new Menlo Park single family home listings and 6 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way.

 

In Feb. of 2014 there were 17 single family Menlo Park homes sold ranging in price from $1,041,000 to $3,650,000.  In Feb of 2013 there were 4 Menlo Park Town Homes/Condos sold.   The prices ranged from $545,000 to $1,551,000. 

 

Of the 17 Menlo Park sales in January of 2014 only 6 were sold with all cash, the other 11 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

 

Palo Alto Ca Real Estate Market Update 3/2/2014

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 18 single family Palo Alto homes for sale, the same as last week

.

There are currently 8 Palo Alto town homes/condos for sale, up from 6 last week.

 

There are currently 17 pending sales of Palo Alto single family homes down from 18 last week.

 

There are currently 10 pending sales of Palo Alto Town homes/Condos up from 8 last week.

 

Last week there were 8 new Palo Alto single family home listings and 6 new Palo Alto condo listings. that is a jump from the last few weeks and hopefully a tred.

 

In Feb. of 2014 there were 17 single family Palo Alto homes sold.  The prices ranged from $1,225,000  to $6,0000,000. The lot on the 1.2 mil sale was less than 3000 square feet. Of the 17 sales only 9 were all cash which is not a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors. However, most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

 

In January of 2014 there were 4 Palo Alto Town Homes/Condos sold,   The prices ranged from $1,255,000 to $1,410,000. Two of these sales were financed and 2 were cash. One of the cash sales was for a condo in a senior development so it is typical for there not to loans on those.

 

Traditionally the market picks up after Super Bowl week-end and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

 

Menlo Park Ca Real Estate Market Update 2/22/2014

 

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 29 single family Menlo Park homes for sale up from 26 last week.

 

There are currently 3 Menlo Park town homes/condos the same as last week.

 

There are currently 15 pending sales of Menlo Park single family homes down from 19 last week.

 

There are currently 4 pending sales of Menlo Park homes/Condos  down from 6 last week.

 

This week there were 6 new Menlo Park single family home listings and 10 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are ont he way.

 

In January of 2014 there were 12 single family Menlo Park homes sold ranging in price from $255,000 to $3,000,000. For a Menlo Park home with Menlo Park schools the prices ranged from $1,510,000 to $3,000,000.  In January of 2013 there were 2 Menlo Park Town Homes/Condos sold.   The prices ranged from $1,160,000 to $1,168.000. 

 

Of the 14 Menlo Park sales in January of 2014 only 4 were sold with all cash, the other 10 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. Hopefully now that we are past Super Bowl, and more importantly Puppy Bowl, there will be more homes coming on the market.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

 

Palo Alto Ca Real Estate Market Update 2/22/2014

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 18 single family Palo Alto homes for sale, the same as last week

.

There are currently 6 Palo Alto town homes/condos for sale, up from 6 last week.

 

There are currently 18 pending sales of Palo Alto single family homes up from 16 last week.

 

There are currently 8 pending sales of Palo Alto Town homes/Condos the same as last week.

 

Last week there were 5 new Palo Alto single family home listings and 2 new Palo Alto condo listings. I was hoping for a few more after the Holiday Week-end, but at least there is still a trickle.

 

In January of 2014 there were 11 single family Palo Alto homes sold.  The prices ranged from $1,601,444  to $4,100,000. A low of 1.6 million is a historic high for Palo Alto single family home sales. Of the 11 sales only 4 were all cash which is a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors.

 

In January of 2014 there were 2 Palo Alto Town Homes/Condos sold,   The prices ranged from $740,000 to $1,150,000. Both of these sales were also financed.

 

Traditionally the market picks up after Super Bowl week-end and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

Menlo Park Ca REal Estate Market Update 2/16/2014

February 16, 2014 09:29 AM

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 26 single family Menlo Park homes for sale up from 25 last week.

 

There are currently 3 Menlo Park town homes/condos the same as last week.

 

There are currently 19 pending sales of Menlo Park single family homes the same as last week.

 

There are currently 6 pending sales of Menlo Park homes/Condos  the same as last week.

 

This week there were 7 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand but it is aholiday week-end so I will take this as a victory.

 

In January of 2014 there were 12 single family Menlo Park homes sold ranging in price from $255,000 to $3,000,000. For a Menlo Park home with Menlo Park schools the prices ranged from $1,510,000 to $3,000,000.  In January of 2013 there were 2 Menlo Park Town Homes/Condos sold.   The prices ranged from $1,160,000 to $1,168.000. 

 

Of the 14 Menlo Park sales in January of 2014 only 4 were sold with all cash, the other 10 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. Hopefully now that we are past Super Bowl, and more importantly Puppy Bowl, there will be more homes coming on the market.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

 

Palo Alto Ca Real Estate Market Update 2/16/2014

 
 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 18 single family Palo Alto homes for sale, up from 14 last week

.

There are currently 5 Palo Alto town homes/condos for sale, down from 7 last week.

 

There are currently 16 pending sales of Palo Alto single family homes down from 17 last week.

 

There are currently 8 pending sales of Palo Alto Town homes/Condos up from 6 last week.

 

Last week there were 6 new Palo Alto single family home listings and 3 new Palo Alto condo listings. Considering that this is a holiday week-end I will take this as a pretty good sign. Many holiday week-ends see a drop in new listings not an even keel.

 

In January of 2014 there were 11 single family Palo Alto homes sold.  The prices ranged from $1,601,444  to $4,100,000. A low of 1.6 million is a historic high for Palo Alto single family home sales. Of the 11 sales only 4 were all cash which is a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors.

 

In January of 2014 there were 2 Palo Alto Town Homes/Condos sold,   The prices ranged from $740,000 to $1,150,000. Both of these sales were also financed.

 

Traditionally the market picks up after Super Bowl week-end and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

 

Ms Seller You Should Not Accept an Emerald Hills Non Contingent Offer

 
 
 

 

Selling an Emerald Hills hillside home

Emerald Hills is a beautiful neighborhood of homes in the hills above Redwood City. There are both older and newer homes that stud the Emerald Hills hillside. Many have beautiful views, many are relatively newly built, and the area is blessed with great weather and great schools.

The real estate market in Emerald Hills is often not as robust as in some of the flatter neighborhoods, but due to the many newer homes it is still popular. On average the sales to list price ratio in Emerald Hills is less than 5% for the last 6 months which is considerably lower than in communities like San Carlos, Palo Alto and Menlo Park.

Selling an Emerald Hills home

This being true for the last 6 months, but the market is even tighter now than it was last year. As a result, there are more demands for homes for sale in Emerald Hills than ever before.

I recently had a buyer make an offer in a multiple situation for a hillside home in Emerald Hills. There were 3 offers. The seller had done property, roof, and termite inspections. She disclosed there was a drainage problem with water from homes from behind her, up hill, dumping excessive water into the yard. There was no soil or drainage inspection.

My client made an excellent offer with the only contingency being 7 days for a drainage inspection. I thought we had a great chance to get it.  The first evening we were told the seller was deciding between my client's offer and one other. The seller wanted some time to think it over. 12 hours later we were told that the seller decided to take another offer which was lower, but had no contingencies. So the seller left money on the table because we wanted more information of a known defect on a Hillside Emerald Hills the house.

This of course is the seller and successful buyer's right, but they are both putting themselves in potentially very expensive jeopardy. We had no way of knowing if the drainage was keeping the water away from the house. We had no way of knowing if the extensive retaining walls were doing what they were supposed to do. They might be. But without knowing for sure the cost to the new buyer could be hundreds of thousands of dollars. Do you think the seller will be off the hook just because she said there was water in the back yard from neighbor's property? I don't.

So a word to the wise. If you are selling a hillside home in Emerald Hills get the land inspected not just the house. That way if someone gives you a non contingent offer,  you can accept it with more more confidence that you have disclosed all you can.

If you have any questions about selling a hillside home in Emerald Hills please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4327271/ms-seller-you-should-not-accept-an-emerald-hills-non-contingent-offer#sthash.b3fPZF9t.dpuf

Menlo Park Ca Real Estate Market Update 2/8/2014 

February 08, 2014 08:26 am

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 25 single family Menlo Park homes for sale up from 22 last week.

 

There are currently 3 Menlo Park town homes/condos down from 5 last week.

 

There are currently 19 pending sales of Menlo Park single family homes up from 14 last week.

 

There are currently 6 pending sales of Menlo Park homes/Condos up from 4 last week.

 

This week there were 6 new Menlo Park single family home listings and 2 new Menlo Park condo listings. Not nearly enough to satisfy demand. Hopefully this week will be better.

 

In January of 2014 there were 12 single family Menlo Park homes sold ranging in price from $255,000 to $3,000,000. For a Menlo Park home with Menlo Park schools the prices ranged from $1,510,000 to $3,000,000.  In January of 2013 there were 2 Menlo Park Town Homes/Condos sold.   The prices ranged from $1,160,000 to $1,168.000. 

 

Of the 14 Menlo Park sales in January of 2014 only 4 were sold with all cash, the other 10 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. Hopefully now that we are past Super Bowl, and more importantly Puppy Bowl, there will be more homes coming on the market.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4322707/menlo-park-ca-real-estate-market-update-2-8-2014#sthash.9YrKAeWK.dpuf 

 

 

Palo Alto Ca Real Estate Market Update 2/8/2014 

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 14 single family Palo Alto homes for sale, up from 12 last week

.

There are currently 7 Palo Alto town homes/condos for sale, up from 3 last week.

 

There are currently 17 pending sales of Palo Alto single family homes up from 12 last week.

 

There are currently 5 pending sales of Palo Alto Town homes/Condos the same as last week.

 

Last week there were 6 new Palo Alto single family home listings and 5 new Palo Alto condo listings.

 

In January of 2014 there were 11 single family Palo Alto homes sold.  The prices ranged from $1,601,444  to $4,100,000. A low of 1.6 million is a historic high for Palo Alto single family home sales. Of the 11 sales only 4 were all cash which is a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors.

 

In January of 2014 there were 2 Palo Alto Town Homes/Condos sold,   The prices ranged from $740,000 to $1,150,000. Both of these sales were also financed.

 

Traditionally the market picks up after Super Bowl week-end so my hopes are pinned on that. First week Post Superbowl did show a flicker of activity in single family homes listing and a nice bump in condo listings. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

 

- See more at: http://activerain.com/blogsview/4322703/palo-alto-ca-real-estate-market-update-2-8-2014#sthash.j5fYAfC3.dpuf

 

 

San Francisco Bay Area Housing Snapshot 

 

 

 

Housing Inventory Snapshot January 31, 2014
  Average List Price for active listings Median List Price for active listings Average DOM: for active listings/ for sold listings
Santa Clara County, CA
Single Family under $1M $690,675 $698,000 41  / 34
Single Family over $1M $2,879,982 $1,899,000 66  / 23
Condo/Townhome under $600K $413,425 $409,500 39  / 34
Condo/Townhome over $600K $855,255 $784,000 26  / 23
San Mateo County, CA
Single Family under $1M $690,456 $679,000 41  / 31
Single Family over $1M $4,499,167 $2,100,000 76  / 22
Condo/Townhome under $600K $402,740 $425,000 36  / 35
Condo/Townhome over $600K $932,942 $846,275 36  / 6
Santa Cruz County, CA
Single Family under $1M $637,981 $649,000 69  / 35
Single Family over $1M $2,117,319 $1,750,000 111  / 138
Condo/Townhome under $600K $393,327 $359,000 85  / 51
Condo/Townhome over $600K $849,182 $739,000 152  / 87
Monterey County, CA
Single Family under $1M $564,867 $499,000 71  / 54
Single Family over $1M $3,531,699 $2,295,000 116  / 145
Condo/Townhome under $600K $303,856 $249,000 80  / 66
Condo/Townhome over $600K $933,776 $725,000 83  / N/A**
San Benito County, CA
Single Family under $1M $533,637 $488,800 61  / 81
Alameda County, CA
Single Family under $1M $513,633 $498,000 44  / 83
Single Family over $1M $2,061,946 $1,478,888 84  / 84
Condo/Townhome under $600K $374,727 $365,000 48  / 75
Condo/Townhome over $600K $768,324 $697,280 39  / 69
Contra Costa County, CA
Single Family under $1M $484,078 $425,000 49  / 89
Single Family over $1M $2,484,534 $1,599,000 91  / 100
Condo/Townhome under $600K $311,574 $295,000 37  / 73
Condo/Townhome over $600K $707,300 $695,000 17  / 68

What I find most interesting about these stats is that in Alameda, San Mateo and Santa Clara Counties, the more expensive homes and condos sold have a shorter days on market than the less expensive Silicon Valley homes sold.

 

 

This shows that the good economy, low unemployment rate, high stock market values, as well as foreign money are all contributing to a booming market in Silicon Valley luxury real estate sales. It is also an indication that we saw high levels of appreciation in 2013 in Silicon Valley home sales (20-40% in many areas) so it is harder to find single family homes under a million dollars or condos under six hundred thousand dollars in the more popular neighborhoods.

So what does this mean for buyers in 2014? Homes are more expensive and sell quickly. You should study the market seriously for a while before jumping in so you know what values are and where they are going. Make intelligent offers that will most likely need to be very aggressive to win in a multiple offer situations.

For sellers, hire a great agent who can help you price your home to get the best terms for your yourself, and exposure that emphasizes the Silicon Valley home you are selling, not the agent who is selling it.

If you have any questions about buying or selling a home in the Silicon Valley please feel free to contact me.

If you would like a real time search of homes sale in the Silicon Valley click here.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4322024/san-francisco-bay-area-housing-snapshot#sthash.VtvIPE0k.dpuf 

 

Menlo Park Ca Real Estate Market Update 2/2/2014 

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 22 single family Menlo Park homes for sale. this is a very low number but almost twice as many as in Palo Alto.

 

There are currently 5 Menlo Park town homes/condos for sale which is really low, but more than in Palo Alto.

 

There are currently 14 pending sales of Menlo Park single family homes.

 

There are currently 4 pending sales of Menlo Park homes/Condos down from 8 last week.

 

This week there were 6 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand.

 

In January of 2014 there were 12 single family Menlo Park homes sold ranging in price from $255,000 to $3,000,000. For a Menlo Park home with Menlo Park schools the prices ranged from $1,510,000 to $3,000,000.  In January of 2013 there were 2 Menlo Park Town Homes/Condos sold.   The prices ranged from $1,160,000 to $1,168.000. 

 

Of the 14 Menlo Park sales in January of 2014 only 4 were sold with all cash, the other 10 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. Hopefully now that we are past Super Bowl, and more importantly Puppy Bowl, there will be more homes coming on the market.  If you would like to search for homes for sale please click here.

 

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4317508/menlo-park-ca-real-estate-market-update-2-2-2014#sthash.hNBDcOyG.dpuf

 

 

Palo Alto Ca REal Estate Market Update 2/2/2014 

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

 

There are currently 12 single family Palo Alto homes for sale, down from a high of 46 last year

.

There are currently 3 Palo Alto town homes/condos for sale, down from a high of 15 last year.

 

There are currently 12 pending sales of Palo Alto single family homes.

 

There are currently 5 pending sales of Palo Alto Town homes/Condos.

 

Last week there were 6 new Palo Alto single family home listings and 2 new Palo Alto condo listings.

 

In January of 2014 there were 11 single family Palo Alto homes sold.  The prices ranged from $1,601,444  to $4,100,000. A low of 1.6 million is a historic high for Palo Alto single family home sales. Of the 11 sales only 4 were all cash which is a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors.

 

In January of 2014 there were 2 Palo Alto Town Homes/Condos sold,   The prices ranged from $740,000 to $1,150,000. Both of these sales were also financed.

 

Traditionally the market picks up after Super Bowl week-end so my hopes are pinned on that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

 

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4317272/palo-alto-ca-real-estate-market-update-2-2-2014#sthash.DXs5zKl4.dpuf

 

 

Why this Is A Great Time To Sell Your Studio Condo In San Jose 

 
 

 

Selling San Jose Studio Condo

The San Jose real estate market is booming. Inventory has never been lower. Everything is getting multiple offers. Buyers are out in droves. But for some types of properties there is still the fear on the part of the sellers that they will have trouble selling.

Studio condos are in that class of traditionally hard to sell homes. If you own a studio condo in San Jose and are thinking of selling, do not hesitate.

Small is in. The size of your home is now not as important as it was in the past. This trend is already very popular in San Francisco so San Jose is never far behind.

http://www.sfgate.com/business/article/Micro-apartment-developments-on-rise-in-S-F-4951775.php

The potential occupant of a studio condo in San Jose would be a young busy tech professional, city or county worker on a budget, or even a young doctor or post doc student. The buyer of a San Jose studio condo could be any of the above, parent of any of the above, or investor looking for a rental property.

Young professional buyers and renters are very busy. They spend so little time at home there is not a need for a huge living space. Tech companies often provide meals on site and many young foodies love to buy from food trucks or local restaurants. Huge kitchens are not a necessity for them.  Easy access to transportation, entertainment, and coffee shops is. 

As buying a home becomes more and more expensive buying a small San Joae studio condo is a more reasonable option than a larger 1 or 2 bedroom condo.

So if you have a San Jose studio condo you would like to sell, now is the time. When I list San Jose studio condos for sale I like to have the home cleared out. Then I stage it with Ikea furniture designed specifically for one room spaces. The bed should wither be elevated, or be able to convert to a sofa. Tables should fold, and there should be plenty of shelving on the wall.  The San Jose studio condo should be staged to be move in ready, and then the whole set up can be sold to the new buyer if they want. If not, I pack it up and stage my next San Jose studio condo with it.

If you have any questions about selling a studio condo in San Jose please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4310725/why-this-is-a-great-time-to-sell-your-studio-condo-in-san-jose#sthash.poJSPp2g.dpuf

 

 

Where Do Palo Alto Buyers Come From Part 3 

 

 

Selling a home in palo alto

In Where Do Palo Alto Buyers Come From Parts 1 and 2 http://actvra.in/48kQ#sthash.72NoBZSb.dpuf, http://actvra.in/48hM#sthash.oRB1OcTH.dpuf I discussed the fact that 40% of buyers come from the internet and 35% come from other agents. That means that on a national basis 75% of buyers come from the internet or agents and 25% come from other sources. This blog will talk about those other sources.

On a National basis 11% of buyers will come from a yard sign. There are still people who want to buy in Palo Alto who will drive through neighborhoods looking for open houses and for sale signs. When you are selling your home in Palo Alto it really is a good idea to have a for sale sign in your yard. It is not that important what the color, height, or sign post looks like. Just make sure that the Palo Alto agent you chose to sell your home in Palo Alto has a sign with a large phone number on it so that if someone drives by it is easy to see the phone number they need to call to get the info on the home you are selling in Palo Alto.

Nationally about 6% of all buyers of homes are friends of the seller and that is how they find their home. Given that it is not a bad idea to post the fact you are selling your Palo Alto home on Facebook, take fliers of your home to work, and talk it up with your friends.

5% of homes are sold by builders so this does not apply to you if you are selling your home in Palo Alto.

2% of all homes nationally are sold because of a newspaper ad. Everyone knows that newspaper ads sell real estate agents, not real estate. So if a Palo Alto real estate agent tells you they are better at marketing because of all their beautiful newspaper ads ask to see their internet ads and put that in the mix.

2% of all homes are sold by owner. The numbers are not in your favor to try it that way.

Less than 1% of homes find their buyer in magazines.

So if you are selling a home in Palo Alto it is a great idea to keep these figures in your head when you are interviewing Palo Alto real estate agents. this will help you make a more objective decision.

If you have any questions about selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

CA BRE 01191194

650-619-9285

 

- See more at: http://activerain.com/blogsview/4284879/where-do-palo-alto-buyers-come-from-part-3#sthash.IATFBxqt.dpuf

 

Where Do Palo Alto Buyers Come From Part 2 

 

 

Selling a home in Palo Alto

Yesterday I spoke about the internet being the major source of buyers when selling a house in Palo Alto. Today I want to discuss real estate agents.

Palo Alto real estate agents are the second largest source of providing a buyer for the home you are selling in Palo Alto. When I first became a Palo Alto real estate agent 19 years ago agents were the number one source. While Palo Alto agents are no longer the keeper of all information, they are still an important resource when you sell your Palo Alto home.

Buyers look to their agents for advice and to keep up with what is going on in the market. Palo Alto buyers with specific requirements will often ask their agent to preview a home first and let them know if it meets their needs.

The Palo Alto real estate agent you choose to help you sell your home in Palo Alto should have a marketing plan for agents as well as for buyers. This can include a variety of methods:

1. MLS listings with private remarks for agents. These remarks should highlight some features that may not be allowed on the public remark section like showing instructions, where the lock box is located, if there is a trick to opening the door. This seems minor but if an agent can not get in your home will not be shown.

2. Broker open house tour with a giveaway or food: You want as many agents as possible to see your home for sale, even if they do not think they have a client for it. If you entice an Palo Alto real estate agent to see your home they may find it actually works for one of their clients, even if they did not think it would.

3. Email blasts: Even though the home you are selling in Palo Alto is on MLS having your agent send email blasts to other agents may help get someone's attention who has a client that may want your home.

The most important thing a Palo Alto real estate agent can do to help you sell your home is be nice to other agents. You want an agent with a reputation of being fair and honest with other agents. There are some real estate agents who are known to cross ethical boundaries that other agents do not like to work with. In this competitive market buyers do not want to waste their time making offers on homes where their offer will not get a fair shot, so the agents are reluctant to present an offer. Things like the listing agent representing a buyer or even multiple buyers or the listing agent's buyer assistant consistently winning in multiple offers will turn other agents away from presenting offers and you may lose out on the best offer.

So while the internet is a vital tool in selling your home in Palo Alto, real estate agents have not gone the way of the Dodo bird and are invaluable in this endeavor.

If you have any questions about selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

CaBRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4279891/where-do-palo-alto-buyers-come-from-part-2#sthash.Lqz3EzdV.dpuf

 

Where Do Palo Alto Buyers Come From? Mostly the Internet! 

 

 

Selling a home in Palo Alto

As a Palo Alto real estate agent I am often asked by potential sellers about my marketing plan. While it is true that it is probably easier to sell a home in Palo Alto than most other places, marketing is very important. However, the type of marketing that works in today's market is not the same as the type that worked 20 years ago, and this change should be reflected in your Palo Alto agent's marketing plan.

While over 80% of buyers start their home search on the internet, 40% actually find their home on the net. This is critical! Almost half of all buyers find their home in the internet and then go to see it. So how and where your home is on the internet is the most important thing you can do to get your Palo Alto home sold for the best price price and term. Since these numbers are national, I suspect that in this tech savvy area the figures are even higher.

Not all Palo Alto agents are equal when it comes to internet marketing. Just putting a Palo Alto home for sale on the MLS and letting it get picked up by other sites does not cut it in the wild west of the internet. Your Palo Alto real estate agent should put your home and as many pictures as possible on as many sites as possible. There is a service I use called List Hub that syndicates to 900 real estate sites. It is also important to add as many pictures as possible to the internet because some sites rank the order of the home by the number of pictures. Even sites like Trulia and Zillow needed to be massaged by your Palo Alto real estate agent in order to make sure there are as many pictures as possible, that the open house days and times are listed, and that as much detail on the information about the home is included. 

Marketing a home you are selling in Palo Alto should revolve around the internet, but I will talk about other paths tomorrow.

If you have any questions about selling a home in Palo Alto please feel free to contact me,

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4278966/where-do-palo-alto-buyers-come-from-mostly-the-internet-#sthash.4DbnpQQk.dpuf

 

Selling Palo Alto Home With Really Ugly Kitchen Counters? 

 

 

If you are going to sell an older home in Palo Alto which has really ugly counters you may be in a quandary about whether to leave them the way the are, or replace them so the house does not look so bad. Since so many of our older homes are being purchased as tear downs, or at a minimum for major remodel you may wonder if it is worth spending the money if the house and or kitchen are going to be demolished anyway.

selling a palo alto home

I actually think that unless your home is red tagged by the city and unsafe to enter, it is a good idea to make it look livable, and as welcoming as possible when you are selling a home in Palo Alto

The reason is simple. While it is true that many older and especially smaller homes in Palo Alto are sold and torn down, it is not true for all of them. There are still Palo Alto buyers out there who want to buy a home in Palo Alto and live in it. Some of them will eventually remodel or tear down, but they still plan on spending time living in the Palo Alto home you are selling. 

Also, even if the plan for the home in Palo Alto you are selling is to tear it down and build a new one, this process takes time, often a year or more. During that time period it is very common to have the home occupied, either by the person who purchased it, or by a renter. the more livable the home in Palo Alto you are selling the more it will be worth to a potential buyer.

Ikea sells counter tops that are laminate, but look very nice and are cheap. It is about $60 for an eight foot counter plus installation.

selling a home in Palo Alto

The improvement in look is worth much more than the cost to do it. 

Remember, when selling a house in Palo Alto the goal is to get as many people as possible interested in your home, no matter what the condition. My making some inexpensive cosmetic improvements you can appeal to end user buyers, people who want to remodel, and people who want to tear down.

If you have any questions about selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

CAl BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4270096/selling-palo-alto-home-with-really-ugly-kitchen-counters-#sthash.tPQq3PY0.dpuf

 

Why You May Need To Put A New Roof When Selling A Menlo Park House 

 

 

The market is hot in Menlo Park, inventory is down to almost nothing, homes get multiple offers, and Menlo Park home sellers are in the driver's seat. So Does this mean it is ok to just put a home on the market in any condition and you will get offers 20-30% over list price? Unfortunately not always. 

While it is true that there is a lot of cash out in the world, assuming that you will have multiple excellent cash offers to chose from when selling your Menlo Park home is not always the case. I recently listed a home that had 12 offers, and not one was all cash.

Very often cash offers are not the best offers. Many investors as well as end users feel if they are going to pay cash they want something back, that is a lower price.

A financed offer may be the best or sometimes only offer you get when selling your home in Menlo Park, so your home needs to get through the appraisal process as well as underwriting.  This means more than just being worth what the buyer offers. It also means that there can not be obvious health and safety issues.

Selling a home in menlo park

So while an appraiser will not know if your bathroom shower pan is leaking, they do look at and take pictures of the house. If the roof on the Menlo Park home you are selling looks like this, a buyer will not get a loan. I once had a client who was buying a Bank of America foreclosure using Bank of America for their lender. The appraisal came back saying that Bank of America would not lend on the home that Bank of America owned because the roof needed replacing. We managed to get Bank of America to put a new roof on. If that can happen on a foreclosed home, if should happen on the Menlo Park home you are selling.

Selling a home in Menlo Park

The basic concept here that unless the home you are selling in Menlo Park is really not livable it is best to appeal to as wide a group of people as possible. This means that the home must have a roof that looks like it will make it through a rain storm and not collapse in a little wind. It does not have to be new, but if it is obviously failing then it should be replaced before going on the market.

If you have any questions about selling a home in Menlo Park please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4269181/why-you-may-need-to-put-a-new-roof-when-selling-a-menlo-park-house#sthash.gvEdHhWx.dpuf

 

Why December 26 Is a Great Day To List a San Jose Home 

 
 

 

I know what you are thinking, I am going to wait till after the first of the year or the spring to sell my San Jose home. It would be stupid to list a home during the holidays, no one does that. Or no one is looking for a home during the holidays. 

Selling a home in San Jose

I need to respectfully disagree with those sentiments. I believe December is a great month to sell a home in San Jose , especially right after Christmas.

Here are the reasons I think selling  a San Jose home on Dec 26th this year is a great idea.

1. The inventory has never been lower. As of today there are only 409 homes for sale in San Jose. A buyer's market doesn't even happen until there are over 1000 homes for sale. List this month and you will have little compettion.

2. There are many people who are planning on moving to San Jose who are using winter break to come and look for a home. When there are only 51 homes for sale it is not hard to see how much your home will be apprectiated.

3. If you list your home on Dec 26 or there abouts, you could get the out of towners who are here over vacation looking for homes. Kepp it on the market 2 weeks with an open house the first week in Jan and then take offers the following week. This way you can also get the locals who were out of town Christmas week.

4. Registration information for School Choice programs begins in February so there are many people with school age children who want a San Jose address when school choice options open. Selling a San Jose home at the end of December would work perfectly for these families.

So in my opinion if you are ready to sell your home in San Jose then my sugestion is don't let a great opportunity pass you by. If you are ready to list in December, wait until after Christmas day, and then get it on the market. Your results will be very satisfying.

If you have any questions about selling a home in San Jose please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4267276/why-december-26-is-a-great-day-to-list-a-san-jose-home#sthash.AcFXZkcJ.dpuf 

 

Why Dec 26 is a Great Day to Sell Your Santa Clara Home 

 
 

 

I know what you are thinking, I am going to wait till after the first of the year or the spring to sell my Santa Clara home. It would be stupid to list a home during the holidays, no one does that. Or no one is looking for a home during the holidays.

Selling a santa clara home

I need to respectfully disagree with those sentiments. I believe December is a great month to sell a home in Santa Clara, especially right after Christmas.

Here are the reasons I think selling  a Santa Clara home on Dec 26th this year is a great idea.

1. The inventory has never been lower. As of today there are only 51 homes for sale in Santa Clara. A buyer's market doesn't even happen until there are over 100 homes for sale. List this month and you will have no compettion.

2. There are many people who are planning on moving to Santa Clar who are using winter break to come and look for a home. When there are only 51 homes for sale it is not hard to see how much your home will be apprectiated.

3. If you list your home on Dec 26 or there abouts, you could get the out of towners who are here over vacation looking for homes. Kepp it on the market 2 weeks with an open house the first week in Jan and then take offers the following week. This way you can also get the locals who were out of town Christmas week.

4. Registration during Open Enrollment for Santa Clara schools is Jan 9-Feb 6 so there are many people with school age children who want a Santa Clara address before open enrollment ends. Selling a Santa Clara home at the end of December would work perfectly for these families.

So in my opinion if you are ready to sell your home in Santa Clara then my sugestion is don't let a great opportunity pass you by. If you are ready to list in December, wait until after Christmas day, and then get it on the market. Your results will be very satisfying.

If you have any questions about selling a home in Santa Clara please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4266212/why-dec-26-is-a-great-day-to-sell-your-santa-clara-home#sthash.E66PIGWd.dpuf

 

 

Why It Is A Great Idea To List Your Redwood City Home on Dec 26 

 

 

I know what you are thinking, I am going to wait till after the first of the year or the spring to sell my Redwood City home. It would be stupid to list a home during the holidays, no one does that. Or no one is looking for a home during the holidays. 

Selling a redwood city home

I need to respectfully disagree with those sentiments. I believe December is a great month to sell a home in Redwood City, especially right after Christmas.

Here are the reasons I think selling  a Redwood City home on Dec 26th this year is a great idea.

1. The inventory has never been lower. As of today there are only 40 homes for sale in Redwood City. A buyer's market doesn't even happen until there are over 90 homes for sale. List this month and you will have little compettion.

2. There are many people who are planning on moving to Redwood City who are using winter break to come and look for a home. When there are only 40 homes for sale it is not hard to see how much your home will be apprectiated.

3. If you list your home on Dec 26 or there abouts, you could get the out of towners who are here over vacation looking for homes. Kepp it on the market 2 weeks with an open house the first week in Jan and then take offers the following week. This way you can also get the locals who were out of town Christmas week.

4. Priority Enrollment for Redwood City Schools of Choice begins Jan 10 so there are many people with school age children who want a Redwood City address early in the enrollment period. Also neighborhood schools are enrolled based on date of enrolllment so if your home is in one of the more popular school boundaries Selling a Redwood City home at the end of December would work perfectly for these families.

So in my opinion if you are ready to sell your home in Redwood City then my sugestion is don't let a great opportunity pass you by. If you are ready to list in December, wait until after Christmas day, and then get it on the market. Your results will be very satisfying.

If you have any questions about selling a home in Redwood City please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4265190/why-it-is-a-great-idea-to-list-your-redwood-city-home-on-dec-26#sthash.qpVV4k67.dpuf

 

 

Why Dec 26 Is a Great Time To List Your Sunnyvale Home 

 
 

 

I know what you are thinking, I am going to wait till after the first of the year or the spring to sell my Sunnyvale home. It would be stupid to list a home during the holidays, no one does that. Or no one is looking for a home during the holidays. 

Selling a home in Sunnyvale

I need to respectfully disagree with those sentiments. I believe December is a great month to sell a home in Sunnyvale, especially right after Christmas.

Here are the reasons I think selling  a Sunnyvale home on Dec 26th this year is a great idea.

1. The inventory has never been lower. As of today there are only 17 homes for sale in Sunnyvale. A buyer's market doesn't even happen until there are over 80 homes for sale. List this month and you will have no compettion.

2. There are many people who are planning on moving to Sunnyvale who are using winter break to come and look for a home. When there are only 7 homes for sale it is not hard to see how much your home will be apprectiated.

3. If you list your home on Dec 26 or there abouts, you could get the out of towners who are here over vacation looking for homes. Kepp it on the market 2 weeks with an open house the first week in Jan and then take offers the following week. This way you can also get the locals who were out of town Christmas week.

4. Registration for Sunnyvale schools begins Feb 1 so there are many people with school age children who want a Sunnyvale address when registration begins so they are assured of their neighborhood school. Selling a Sunnyvale home at the end of December would work perfectly for these families.

So in my opinion if you are ready to sell your home in Sunnyvale then my sugestion is don't let a great opportunity pass you by. If you are ready to list in December, wait until after Christmas day, and then get it on the market. Your results will be very satisfying.

If you have any questions about selling a home in Sunnyvale please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

- See more at: http://activerain.com/blogsview/4264468/why-dec-26-is-a-great-time-to-list-your-sunnyvale-home#sthash.DBJL9Fn7.dpuf

 

Why It Is A Great Time To List Your Mountain View Home On December 26 

 11/30/2013
 

I know what you are thinking, I am going to wait till after the first of the year or the spring to sell my Mountain View home. It would be stupid to list a home during the holidays, no one does that. Or no one is looking for a home during the holidays. -

Selling a home in Mountain View

I need to respectfully disagree with those sentiments. I believe December is a great month to sell a home in Mountain View, especially right after Christmas.

Here are the reasons I think selling  a Mountain View home on Dec 26th this year is a great idea.

1. The inventory has never been lower. As of today there are only 7 homes for sale in Mountain View. A buyer's market doesn't even happen until there are over 50 homes for sale. List this month and you will have no compettion.

2. There are many people who are planning on moving to Mountain View who are using winter break to come and look for a home. When there are only 7 homes for sale it is not hard to see how much your home will be apprectiated.

3. If you list your home on Dec 26 or there abouts, you could get the out of towners who are here over vacation looking for homes. Kepp it on the market 2 weeks with an open house the first week in Jan and then take offers the following week. This way you can also get the locals who were out of town Christmas week.

4. Registration during Open Enrollment for Mountain View schools is Jan 28-March 1 so there are many people with school age children who want a Mountain View address before open enrollment ends. Selling a Mountain View home at the end of December would work perfectly for these families.

So in my opinion if you are ready to sell your home in Mountain View then my sugestion is don't let a great opportunity pass you by. If you are ready to list in December, wait until after Christmas day, and then get it on the market. Your results will be very satisfying.

- See more at: http://activerain.com/blogsview/4263966/why-it-is-a-great-time-to-list-your-mountain-view-home-on-december-26#sthash.NMVBDcIU.dpuf

 

Why It Is A Great Idea To List Your Menlo park Home on Dec 26

11/29/2013

I know what you are thinking, I am going to wait till after the first of the year or the spring to sell my Menlo Park home. It would be stupid to list a home during the holidays, no one does that. Or no one is looking for a home during the holidays. 

Selling a home in Menlo Park

I need to respectfully disagree with those sentiments. I believe December is a great month to sell a home in Menlo Park, especially right after Christmas.

Here are the reasons I think selling  a Menlo Park home on Dec 26th this year is a great idea.

1. The inventory has never been lower. As of today there are only 30 homes for sale in Menlo Park. A buyer's market doesn't even happen until there are over 100 homes for sale. List this month and you will have almost no compettion.

2. There are many people who are planning on moving to Menlo Park who are using winter break to come and look for a home. When there are only 6 homes for sale it is not hard to see how much your home will be apprectiated.

3. If you list your home on Dec 26 or there abouts, you could get the out of towners who are here over vacation looking for homes. Kepp it on the market 2 weeks with an open house the first week in Jan and then take offers the following week. This way you can also get the locals who were out of town Christmas week.

4. Registration for Menlo Park schools start early in the year and many parents want to know where their children will be early in the year. This is even more important for those parents who want their children in the Spanish Immersion program.  Selling a Menlo Park home at the end of December would work perfectly for these families.

So in my opinion if you are ready to sell your home in Menlo Park then my sugestion is don't let a great opportunity pass you by. If you are ready to list in December, wait until after Christmas day, and then get it on the market. Your results will be very satisfying.

- See more at: http://activerain.com/blogsview/4263619/why-it-is-a-great-idea-to-list-your-menlo-park-home-on-dec-26#sthash.zkP0jG6s.dpuf

 

12/01/2013

 

I know what you are thinking, I am going to wait till after the first of the year or the spring to sell my home in Palo Alto. It would be stupid to list a home during the holidays, no one does that. Or no one is looking for a home during the holidays.

Selling a home in Palo Alto

I need to respectfully disagree with those sentiments. I believe December is a great month to sell a home in Palo Alto, especially right after Christmas.

Here are the reasons I think selling  a Palo Alto home on Dec 26th this year is a great idea.

1. The inventory has never been lower. As of today there are only 6 homes for sale in Palo Alto. A buyer's market doesn't even happen until there are over 90 homes for sale. List this month and you will have no compettion.

2. There are many people who are planning on moving to Palo Alto who are using winter break to come and look for a home. When there are only 6 homes for sale it is not hard to see how much your home will be apprectiated.

3. If you list your home on Dec 26 or there abouts, you could get the out of towners who are here over vacation looking for homes. Kepp it on the market 2 weeks with an open house the first week in Jan and then take offers the following week. This way you can also get the locals who were out of town Christmas week.

4. Registration for Palo Alto schools begins January 16th and priority registration ends Feb 14 2014 so there are many people with school age children who want a Palo Alto address before priority registration ends. Selling a Palo Alto home at the end of December would work perfectly for these families.

So in my opinion if you are ready to sell your home in Palo Alto then my sugestion is don't let a great opportunity pass you by. If you are ready to list in December, wait until after Christmas day, and then get it on the market. Your results will be very satisfying.

 

- See more at: http://activerain.com/blogsview/4263063/why-it-is-a-great-idea-to-list-your-palo-alto-home-on-dec-26th#sthash.i9SlL1CX.dpuf

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 43 single family Santa Clara homes for sale, up from 40 last week.

There are currently 44 Santa Clara town homes/condos for sale, up from 41 last week.

There are currently 56 pending sales of Santa Clara single family homes, down from 66 last week.

There are currently 42 pending sales of Santa Clara town homes/Condos, up from 41 last week.

In Sept of 2013 there were 46 single family Santa Clara homes sold, 5 less than in Aug, ranging in price from $505,000 to $1,183,000. These prices are a little lower than in Aug., on the highest price home, but that is because there were no new homes sold.  

In Sept of 2013 there were 34 Santa Clara Town Homes/Condos sold, 5 less than in Aug.  They ranged in price from $297,000 to $835,000. This is about the same as in June and July and Aug.. Has the appreciation started to slow down? I think so.  

There are a more homes for sale again this week which is good news.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

- See more at: http://activerain.com/blogsview/4232919/santa-clara-ca-real-estate-market-update-10-27-2013#sthash.4DqF1jlG.dpuf

There are currently 15 single family Mountain View homes for sale,  down from 16 last week.

There are currently 20 Mountain View town homes/condos for sale,  down from 23 last week.

There are currently 36 pending sales of Mountain View single family homes,  up from 32 last week.

There are currently 26 pending sales of Mountain View Town homes/Condos, down from 34 last week.

 

In Sept 2013 there were 22 single family Mountain View homes sold ranging in price from $635,000 to $2,318,000. This does not include sales in the new development in Waverley Park. The lowest price sale is down over 100K from July, but in an industrial neighborhood. The lowest price single family home in a residential neighborhood was $704,000. Down $146,000 from the lowest price in August.

In September, 2013  there were 28 Mountain View Town Homes/Condos sold ranging in price from $405,000 to $1,165,000. I thought prices were starting to level off in Mountain View, but it does not appear to be the case $405,000 for a one bedroom condo is not a sign that the market is leveling off. 

  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I didn't expect to see another jump until Sept which so far has been more like a skip than a jump.  The structural problem of not enough single family homes is not going to be solved  any time soon.  In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon. In the mean time we are in the doldrums as far as inventory and pending sales go.

- See more at: http://activerain.com/blogsview/4232903/mountain-view-ca-real-estate-market-update-10-27-2013#sthash.XYPydH0o.dpuf

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 25 single family Palo Alto homes for sale, down from 29 last week.

There are currently 2 Palo Alto town homes/condos for sale, down from 3 last week.

There are currently 33 pending sales of Palo Alto single family homes, down from 48 last week.

There are currently 7 pending sales of Palo Alto Town homes/Condos, down from 8 last week.

In Sept of 2013 there were 29 single family Palo Alto homes sold, 15 less than in Aug. The big drop in solds is a reflection of the decrease in inventory that always happens in August. The prices ranged from $595,000 to $4,325,000. This is the first sale under a million dollars since last spring. The $595,000 sale was a weird anomoly of a tear down house on a small lot on Alma. The next lowest price house was $1,070,00.

In Sept of 2013 there were 7 Palo Alto Town Homes/Condos sold, the same as August.  The prices ranged from $900,000 to $1,650,000. This is a very a high starting price point for condos in Palo Alto, but none of the condos in the traditionally lower priced complexes were for sale.

 Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. Unfortunately inventory seems to be staying low this month which is more than a little depressing.

 

 

Selling a Barron Park Home

Selling a Home in Barron Park I am often asked, "What can I do to make my Selling a home in Barron Park  really stand out when I am selling it. My answer is "Easy, add chocolate." Now I am not talking the delicious kind from Her Coconess that you can get at the Palo Alto Farmer's market, although I would recommend serving that at your open houses. 

I am talking about chocolate bark for the lawn. It is a common joke around Palo Alto that you can tell when a Selling a home in Barron Park when the redwood chip bark goes on the front lawn. Well, my suggestion is forget the redwood bark and use chocolate bark. It is gorgeous and really does make a house pop!

The first impression a buyer gets when driving up to a Selling a home in Barron Park is crucial. You want to take their breath away, even if you only have a 1000 square foot ranch house built in 1952 with last updates done in the 70's. The outside should make someone say, "I want to live here."

Chocolate bark is rich and if someone is going to pay $1,800,000 for your home you need to look rich. Yes it true that most Selling a home in Barron Park will get multiple offers and the market will dictate what your Selling a home in Barron Park, but you don't want to turn off any potential group of buyers.

The builders may tear your home down, some individual may tear your home down, or someone may want to live in your home the way it is, or with only a few updates. In all three of those cases someone may live in the house for a year or more even if it is going to be torn down. The builder may rent it out during the year it takes to get permits and approvals. The owner builder may live there while waiting for permits and approvals. And finally it may be the home some real people buy to live in. All of those occupants deserve the emotional appeal that chocolate bark gives.

So when you are selling your home in Barron Park, be generous with the chocolate and it will pay big dividends.

- See more at: http://activerain.com/blogsview/4227780/add-some-chocolate-to-that-palo-alto-barron-park-home-you-are-selling#sthash.NnMyipWI.dpuf

 

Menlo Park Ca Real estate Market Update 10/20/2013                             

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 30 single family Menlo Park homes for sale down from 37 last week.

There are currently 12 Menlo Park town homes/condos for sale up from 9 last week.

There are currently 25 pending sales of Menlo Park single family homes down from 28 last week.

There are currently 5 pending sales of Menlo Park homes/Condos down from 8 last week.

In September of 2013 there were 16 single family Menlo Park homes sold, a big decrease from Aug closings, but listing in August are always down so that translates in a decrease in closing in August.  The prices ranged from $537,000 to $4,500,000 a little higher than in August.  If you look at just the Menlo Park homes with Menlo Park schools the lowest price in Aug. was $1,300,000 up over $400,000 from the lowest price home with Menlo Park schools in August.  In September of 2013 there were 5 Menlo Park Town Homes/Condos sold.   The prices ranged from $540,000 to $1.070.000. 

The inventory of single family homes for sale in Menlo Park is still at historically low levels but a little higher than last week. The pending sales however do not exceed active listings so that gives us some hope that the insanity may be dampening. In fact there are few pending sales than last week. Now that the current crisis in Washington is over the stock market will probably rebound and with it the home sales.

- See more at: http://activerain.com/blogsview/4226368/menlo-park-ca-real-estate-market-update-10-20-2013#sthash.LIjCnUkI.dpuf

 

Mountain View Ca Real Estate Market Update 10/20/2013

There are currently 16 single family Mountain View homes for sale,  up from 13 last week.

There are currently 23 Mountain View town homes/condos for sale,  up from 19 last week.

There are currently 32 pending sales of Mountain View single family homes,  up from 31 last week.

There are currently 34 pending sales of Mountain View Town homes/Condos, the same as last week.

 

In Sept 2013 there were 22 single family Mountain View homes sold ranging in price from $635,000 to $2,318,000. This does not include sales in the new development in Waverley Park. The lowest price sale is down over 100K from July, but in an industrial neighborhood. The lowest price single family home in a residential neighborhood was $704,000. Down $146,000 from the lowest price in August.

In September, 2013  there were 28 Mountain View Town Homes/Condos sold ranging in price from $405,000 to $1,165,000. I thought prices were starting to level off in Mountain View, but it does not appear to be the case $405,000 for a one bedroom condo is not a sign that the market is leveling off. 

  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I didn't expect to see another jump until Sept which so far has been more like a skip than a jump.  The structural problem of not enough single family homes is not going to be solved  any time soon.  In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon. In the mean time we are in the doldrums as far as inventory and pending sales go.

- See more at: http://activerain.com/blogsview/4226362/mountain-view-ca-real-estate-market-update-10-20-2013#sthash.408rK1II.dpuf

 

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 40 single family Santa Clara homes for sale, up from 36 last week.

 

There are currently 41 Santa Clara town homes/condos for sale, up from 38 last week.

 

There are currently 66 pending sales of Santa Clara single family homes, up from 64 last week.

 

There are currently 41 pending sales of Santa Clara town homes/Condos, down from 45 last week.

 

In Sept of 2013 there were 46 single family Santa Clara homes sold, 5 less than in Aug, ranging in price from $505,000 to $1,183,000. These prices are a little lower than in Aug., on the highest price home, but that is because there were no new homes sold.  

 

In Sept of 2013 there were 34 Santa Clara Town Homes/Condos sold, 5 less than in Aug.  They ranged in price from $297,000 to $835,000. This is about the same as in June and July and Aug.. Has the appreciation started to slow down? I think so.  

 

There are a more homes for sale this week which is good news.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

- See more at: http://activerain.com/blogsview/4226351/santa-clara-ca-real-estate-market-update-10-20-2013#sthash.UMDohcOo.dpuf

 

 

Palo Alto CA Real Estate Market Update 10/20/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 29 single family Palo Alto homes for sale, down from 37 last week.

There are currently 3 Palo Alto town homes/condos for sale, down from 5 last week.

There are currently 39 pending sales of Palo Alto single family homes, down from 48 last week.

There are currently 8 pending sales of Palo Alto Town homes/Condos, down from 10 last week.

In Sept of 2013 there were 29 single family Palo Alto homes sold, 15 less than in Aug. The big drop in solds is a reflection of the decrease in inventory that always happens in August. The prices ranged from $595,000 to $4,325,000. This is the first sale under a million dollars since last spring. The $595,000 sale was a weird anomoly of a tear down house on a small lot on Alma. The next lowest price house was $1,070,00.

In August of 2013 there were 7 Palo Alto Town Homes/Condos sold, the same as August.  The prices ranged from $900,000 to $1,650,000. This is a very a high starting price point for condos in Palo Alto, but none of the condos in the traditionally lower priced complexes were for sale.

 Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. I think the turmoil and uncertaincainty from the government shut down and brink of default along with the stock market dip had a dampening effect on both sellers and buyers. Now that it is over hopefully things will get back to normal.

- See more at: http://activerain.com/blogsview/4226342/palo-alto-ca-real-estate-market-update-10-20-2013#sthash.ZfEeDVjs.dpuf

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 37 single family Palo Alto homes for sale, up from 30 last week.

There are currently 5 Palo Alto town homes/condos for sale, down from last week.

There are currently 48 pending sales of Palo Alto single family homes, up from 37 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos, the same as last week.

In Sept of 2013 there were 29 single family Palo Alto homes sold, 15 less than in Aug. The big drop in solds is a reflection of the decrease in inventory that always happens in August. The prices ranged from $595,000 to $4,325,000. This is the first sale under a million dollars since last spring. The $595,000 sale was a weird anomoly of a tear down house on a small lot on Alma. The next lowest price house was $1,070,00.

In August of 2013 there were 7 Palo Alto Town Homes/Condos sold, the same as August.  The prices ranged from $900,000 to $1,650,000. This is a very a high starting price point for condos in Palo Alto, but none of the condos in the traditionally lower priced complexes were for sale.

 Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.  While right now the number of pending sales are higher than last week and the active listings are down.  Well the government did shut down, but is not having a effect on the market this week. I am more concerned with what could happen if we default on our debt, but I really do not believe that will happen.

- See more at: http://activerain.com/blogsview/4220262/palo-alto-ca-real-estate-market-update-10-14-2013#sthash.8eb57uYM.dpuf

 

Not enough inventory, plenty of buyers.

There are currently 36 single family Santa Clara homes for sale, up from 45 last week.

There are currently 38 Santa Clara town homes/condos for sale, down from 41 last week.

There are currently 64 pending sales of Santa Clara single family homes, up from 62 last week.

There are currently 45 pending sales of Santa Clara town homes/Condos, up from 40 last week.

In Sept of 2013 there were 46 single family Santa Clara homes sold, 5 less than in Aug, ranging in price from $505,000 to $1,183,000. These prices are a little lower than in Aug., on the highest price home, but that is because there were no new homes sold.  

In Sept of 2013 there were 34 Santa Clara Town Homes/Condos sold, 5 less than in Aug.  They ranged in price from $297,000 to $835,000. This is about the same as in June and July and Aug.. Has the appreciation started to slow down? I think so.  

There are a fewer homes for sale this week which is bad news.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

 

- See more at: http://activerain.com/blogsview/4220252/santa-clara-ca-market-update-10-14-2013#sthash.I3abeR7w.dpuf 

 

There are currently 13 single family Mountain View homes for sale,  down from 15 last week.

There are currently 19 Mountain View town homes/condos for sale,  up from 18 last week.

There are currently 31 pending sales of Mountain View single family homes,  up from 24 last week.

There are currently 34 pending sales of Mountain View Town homes/Condos, down from 37 last week.

 

In Sept 2013 there were 22 single family Mountain View homes sold ranging in price from $635,000 to $2,318,000. This does not include sales in the new development in Waverley Park. The lowest price sale is down over 100K from July, but in an industrial neighborhood. The lowest price single family home in a residential neighborhood was $704,000. Down $146,000 from the lowest price in August.

In September, 2013  there were 28 Mountain View Town Homes/Condos sold ranging in price from $405,000 to $1,165,000. I thought prices were starting to level off in Mountain View, but it does not appear to be the case $405,000 for a one bedroom condo is not a sign that the market is leveling off. 

  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I didn't expect to see another jump until Sept which so far has been more like a skip than a jump.  The structural problem of not enough single family homes is not going to be solved  any time soon.  In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon. In the mean time we are in the doldrums as far as inventory and pending sales go.

- See more at: http://activerain.com/blogsview/4219989/mountain-view-ca-real-estate-market-update-10-13-13#sthash.fvFTAwC8.dpuf

 

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 37 single family Menlo Park homes for sale up from 34 last week.

 

There are currently 9 Menlo Park town homes/condos for sale down from 8 last week.

 

There are currently 28 pending sales of Menlo Park single family homes up from 27 last week.

 

There are currently 8 pending sales of Menlo Park homes/Condos the same as last week.

 

In September of 2013 there were 16 single family Menlo Park homes sold, a big decrease from Aug closings, but listing in August are always down so that translates in a decrease in closing in August.  The prices ranged from $537,000 to $4,500,000 a little higher than in August.  If you look at just the Menlo Park homes with Menlo Park schools the lowest price in Aug. was $1,300,000 up over $400,000 from the lowest price home with Menlo Park schools in August.  In September of 2013 there were 5 Menlo Park Town Homes/Condos sold.   The prices ranged from $540,000 to $1.070.000. 

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels but a little higher than last week. The pending sales however do not exceed active listings so that gives us some hope that the insanity may be dampening. It will be interesting to see how the impending shut down and possible debt ceiling crisis effect the market, if at all.

- See more at: http://activerain.com/blogsview/4219975/menlo-park-ca-real-estate-market-update-10-13-13#sthash.kFXevrbB.dpuf

 

Palo Alto Ca Real Estate Market Update 10/6/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 30 single family Palo Alto homes for sale, down from 33 last week.

There are currently 6 Palo Alto town homes/condos for sale, the same as last week.

There are currently 37 pending sales of Palo Alto single family homes, up from 34 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos, down from 15 last week.

In Sept of 2013 there were 29 single family Palo Alto homes sold, 15 less than in Aug. The big drop in solds is a reflection of the decrease in inventory that always happens in August. The prices ranged from $595,000 to $4,325,000. This is the first sale under a million dollars since last spring. The $595,000 sale was a weird anomoly of a tear down house on a small lot on Alma. The next lowest price house was $1,070,00.

In August of 2013 there were 7 Palo Alto Town Homes/Condos sold, the same as August.  The prices ranged from $900,000 to $1,650,000. This is a very a high starting price point for condos in Palo Alto, but none of the condos in the traditionally lower priced complexes were for sale.

 Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.  While right now the number of pending sales are higher than last week and the active listings are down.  Well the government did shut down, but is not having a effect on the market this week. I am more concerned with what could happen if we default on our debt, but I really do not believe that will happen.

- See more at: http://activerain.com/blogs/marcymoyer#sthash.XSTTbZqa.dpuf 

 

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 34 single family Menlo Park homes for sale down from 36 last week.

 

There are currently 8 Menlo Park town homes/condos for sale down from 10 last week.

 

There are currently 27 pending sales of Menlo Park single family homes up from 17 last week.

 

There are currently 8 pending sales of Menlo Park homes/Condos up from 4 last week.

 

In August of 2013 there were 28 single family Menlo Park homes sold, a big decrease from July.  The prices ranged from $520,000 to $4,000,000. The lowest priced home in Belle Haven is up $100,000 from July and in central Menlo the price is about the same for the highest price sold. I think the prices may be starting to level off. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in July was $899,000 down June's lowest price of 975K., and down to $850,00 in August.  In August of 2013 there were 7 Menlo Park Town Homes/Condos sold.   The prices ranged from $580,000 to $2,395,000. This is a high starting price point for condos,  The lowest price condo that is not senior only housing was $1,149,000 for an 1,800+ square foot town home on Stone Pine,

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and even lower than last week. The pending sales however do not exceed active listings so that gives us some hope that the insanity may be dampening. It will be interesting to see how the impending shut down and possible debt ceiling crisis effect the market, if at all.

- See more at: http://activerain.com/blogsview/4207485/menlo-park-ca-real-estate-market-update-9-30-2013#sthash.7g8oOKuS.dpuf

 

Santa Clara Ca Real Estate Market Update 9/30/2013 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 45 single family Santa Clara homes for sale, up from 42 last week.

There are currently 41 Santa Clara town homes/condos for sale, the same as last week.

There are currently 62 pending sales of Santa Clara single family homes, down from 66 last week.

There are currently 40 pending sales of Santa Clara town homes/Condos, down from 43 last week.

In Aug of 2013 there were 51 single family Santa Clara homes sold, 10 less than in July, ranging in price from $525,000 to $1,500,000. The lowest priced home is $115,000 higher than the lowest price in July, but the highest price home is about the same, and in the same new development.  

In August of 2013 there were 41 Santa Clara Town Homes/Condos sold, almost the same as in July.  They ranged in price from $230,000 to $825,000. This is about the same as in June and July. Has the appreciation started to slow down? I think so.  

There are a few more homes for sale this week which is good news.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

- See more at: http://activerain.com/blogsview/4207461/santa-clara-ca-real-estate-market-update-9-30-2013#sthash.yHrEtdkf.dpuf 

 

 

There are currently 15 single family Mountain View homes for sale,  down from 20 last week.

 

There are currently 18 Mountain View town homes/condos for sale,  down from 19 last week.

 

There are currently 24 pending sales of Mountain View single family homes,  up from 22 last week.

 

There are currently 37 pending sales of Mountain View Town homes/Condos, up from 35 last week.

 

 

 

In Aug, 2013 there were 29 single family Mountain View homes sold ranging in price from $685,000 to $2,425,000. This does not include sales in the new development in Waverley Park. The lowest price sale is down over 100K from July, but in an industrial neighborhood. The lowest price single family home in a residential neighborhood was the same as in July, $850,000.

 

In June, 2013  there were 28 Mountain View Town Homes/Condos sold ranging in price from $370,000 to $1,300,000. These numbers are higher than in July. I thought prices were starting to level off in Mountain View, but it does not appear to be the case $370,000 for a one bedroom condo is not a sign that the market is leveling off. 

 

  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I didn't expect to see another jump until Sept which so far has been more like a skip than a jump.  The structural problem of not enough single family homes is not going to be solved  any time soon.  In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon. In the mean time we are in the doldrums as far as inventory and pending sales go.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

- See more at: http://activerain.com/blogsview/4207447/mountain-view-ca-real-estate-market-update-9-30-2013#sthash.Ue94smfj.dpuf

 

Palo Alto Ca Real Estate Market Update 9/30/2013 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 33 single family Palo Alto homes for sale, down from 46 last month.

There are currently 6 Palo Alto town homes/condos for sale, down from 9 last month.

There are currently 34 pending sales of Palo Alto single family homes, up from 28 last week.

There are currently 15 pending sales of Palo Alto Town homes/Condos, up from 13 last month.

In Aug of 2013 there were 43 single family Palo Alto homes sold, just 2 less than in July. The prices ranged from $980,000 to $5,400,000. This is the first sale under a million dollars since last spring.

In August of 2013 there were 7 Palo Alto Town Homes/Condos sold, 2 more than in July.  The prices ranged from $550,000 to $1,700,000. This is not a high starting price point for condos in Palo Alto, but it was only one bedroom and about the same as last month.

August is traditionally the lowest month for inventory in Palo Alto so I skipped a few weeks of tracking. Hopefully we will not fall back into weeks of only a few homes for sale. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.  While right now the number of pending sales are higher than last week and the active listings are down.  The impeding government shut down is not having a effect on the market this week. We will have to see about next week if we really do shut down. If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

- See more at: http://activerain.com/blogsview/4207437/palo-alto-ca-real-estate-market-update-9-30-2013#sthash.urOwVw0O.dpuf

 

Should You Decorate Your Palo Alto House For Sale For Halloween?                        

9/24/2013

 

As a Palo Alto Real Estate Agent I am often asked this question in the fall, "Should I decorate my house for Halloween?"

 

I am prejudiced as I love Halloween, but the decision to decorate your Palo Alto home for sale or not needs to be made with your head, not your heart.

 

selling a house in palo alto

 

My first rule of thumb is don't do anything that would scare a young child. So no witches, headless horsemen, or "The Nightmare Before Christmas" pumpkins. If a child gets scared when viewing a home he or she will start screaming and the parents are likely to need to leave before they have the chance to really appreciate all that your Palo Alto home has to offer. Put out pumpkins with smiling faces instead.

 

Making your home smell like Halloween will bring warm feelings to anyone who enters the house. Pumpkin candles, candy corn, apple cider smells are all wonderful and will make people feel good when they come into the house. Halloween is a happy time for most people so reminding them of that happiness is a good thing when you are selling your Palo Alto home.

 

One thing I like to do when I list a home in Palo Alto over Halloween is to dedicate one room to decorations, instead of doing up the whole house.

 

selling a home in palo alto

 

If most of the decorations are in one room of the Palo Alto house for sale then the concept of isn't this a wonderful time of year can be achieved without distracting from the staging and architectural features of the rest of the home.

 

Creativity in selling a Palo Alto home near Halloween can take many forms.

 

selling a home in palo alto

 

As many Palo Alto residents know we have an active raccoon population in town. Digging up lawns is one of their favorite past times. The week I was ready to put this Palo Alto home on the market a band of raccoons decided that this home had the best grubbs on the block and wanted to lift up the grass to get to them.  It started in one spot then expanded. The owners wanted to capture the raccoons before re-seeding the lawn. I got some straw and put pumpkins over the dug up area.  By the time this Palo Alto house went on the market I had several bales of straw and a few scare crows all over the front lawn. It looked like Halloween and covered up the offending torn up lawn. We eventually relocated the raccoons, and re- seeded the lawn for the new owners.

 

So as Halloween approaches, if you are selling your home in Palo Alto have fun with the holiday and be careful not to put up anything that could scare a young child, or detract from the better points of your lovely Palo Alto home for sale.

- See more at: http://activerain.com/blogs/marcymoyer#sthash.GnBdfe8u.dpuf

 

 

Menlo Park, Ca. Real Estate Market Update 9/21/2013 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 36 single family Menlo Park homes for sale up from 23 last month.

There are currently 10 Menlo Park town homes/condos for sale down from 9 last week.

There are currently 17 pending sales of Menlo Park single family homes down from 28 last month.

There are currently 4 pending sales of Menlo Park homes/Condos down from 6 last month.

In August of 2013 there were 28 single family Menlo Park homes sold, a big decrease from July.  The prices ranged from $520,000 to $4,000,000. The lowest priced home in Belle Haven is up $100,000 from July and in central Menlo the price is about the same for the highest price sold. I think the prices may be starting to level off. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in July was $899,000 down June's lowest price of 975K., and down to $850,00 in August.  In August of 2013 there were 7 Menlo Park Town Homes/Condos sold.   The prices ranged from $580,000 to $2,395,000. This is a high starting price point for condos,  The lowest price condo that is not senior only housing was $1,149,000 for an 1,800+ square foot town home on Stone Pine,

The inventory of single family homes for sale in Menlo Park is still at historically low levels, but like Palo Alto and Mountain View up from last month.  August is a traditionally slow month for inventory so I didn't expect to see any increase until sometime in September.  We do have an increase, but not enough to change the dynamics of the seller's market.

- See more at: http://activerain.com/blogsview/4199491/menlo-park-ca-real-estate-market-update-9-21-2013#sthash.ds2zbwSP.dpuf

 

Santa Clara Ca. Real Estate Market Update 9/21/2012 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 42 single family Santa Clara homes for sale, down from 46 last month.

There are currently 41 Santa Clara town homes/condos for sale, up from 39 last month.

There are currently 66 pending sales of Santa Clara single family homes, up from 60 last month.

There are currently 43 pending sales of Santa Clara town homes/Condos, down from 46 last month.

In Aug of 2013 there were 51 single family Santa Clara homes sold, 10 less than in July, ranging in price from $525,000 to $1,500,000. The lowest priced home is $115,000 higher than the lowest price in July, but the highest price home is about the same, and in the same new development.  

In August of 2013 there were 41 Santa Clara Town Homes/Condos sold, almost the same as in July.  They ranged in price from $230,000 to $825,000. This is about the same as in June and July. Has the appreciation started to slow down? I think so.  

August did not see a big drop in inventory so September did not see a big increase which is often the pattern.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

- See more at: http://activerain.com/blogsview/4199477/santa-clara-ca-real-estate-market-update-9-21-2012#sthash.3NezEMbY.dpuf 

 

 

There are currently 20 single family Mountain View homes for sale,  up from 16 last month.

 

There are currently 19 Mountain View town homes/condos for sale,  up from 15 last month.

 

There are currently 22 pending sales of Mountain View single family homes,  down from 37 last month.

 

There are currently 35 pending sales of Mountain View Town homes/Condos, up from 30 last month.

 

In Aug, 2013 there were 29 single family Mountain View homes sold ranging in price from $685,000 to $2,425,000. This does not include sales in the new development in Waverley Park. The lowest price sale is down over 100K from July, but in an industrial neighborhood. The lowest price single family home in a residential neighborhood was the same as in July, $850,000.

 

In June, 2013  there were 28 Mountain View Town Homes/Condos sold ranging in price from $370,000 to $1,300,000. These numbers are higher than in July. I thought prices were starting to level off in Mountain View, but it does not appear to be the case $370,000 for a one bedroom condo is not a sign that the market is leveling off. 

 

  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I didn't expect to see another jump until Sept which so far has been more like a skip than a jump.  The structural problem of not enough single family homes is not going to be solved  any time soon.  In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

- See more at: http://activerain.com/blogsview/4199455/mountain-view-ca-real-estate-market-update-9-21-2013#sthash.t7T2CL5b.dpuf

 

Palo Alto Market Update 9/21/2013 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 45 single family Palo Alto homes for sale, up from 23 last month.

There are currently 9 Palo Alto town homes/condos for sale, up from 5 last month.

There are currently 28 pending sales of Palo Alto single family homes, down from 41 last month.

There are currently 13 pending sales of Palo Alto Town homes/Condos, up from 4 last month.

In Aug of 2013 there were 43 single family Palo Alto homes sold, just 2 less than in July. The prices ranged from $980,000 to $5,400,000. This is the first sale under a million dollars since last spring.

In August of 2013 there were 7 Palo Alto Town Homes/Condos sold, 2 more than in July.  The prices ranged from $550,000 to $1,700,000. This is not a high starting price point for condos in Palo Alto, but it was only one bedroom and about the same as last month.

August is traditionally the lowest month for inventory in Palo Alto so I skipped a few weeks of tracking. Hopefully we will not fall back into weeks of only a few homes for sale. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.  While right now the number of pending sales in low, I am not concerned this means a a crash is coming. I believe it is due to the very low number of homes for sale in August.

- See more at: http://activerain.com/blogsview/4199432/palo-alto-market-update-9-21-2013#sthash.IB6gw4GL.dpuf 

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 23 single family Menlo Park homes for sale down from 31 last week..

There are currently 7 Menlo Park town homes/condos for sale down from 9 last week.

There are currently 28 pending sales of Menlo Park single family homes up from 23 last week.

There are currently 6 pending sales of Menlo Park homes/Condos up from 5 last week.

In July of 2013 there were 46 single family Menlo Park homes sold, a nice jump from June.  The prices ranged from $475,000 to $3,950,000. The lowest priced home in Belle Haven is down $100,000 from June and in central Menlo the price is down 1.5 for the highest price sold. I think the prices may be starting to level off. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in June was $899,000 down June's lowest price of 975K.  In July of 2013 there were 12 Menlo Park Town Homes/Condos sold.   The prices ranged from $380,000 to $1,326,000. This is a high starting price point for condos,  The lowest price condo that is not senior only housing was $580,00 for a 1 bedroom in Sharon Park which is similar to a one bedroom condo in Palo Alto.

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and like Palo Alto and Mountain View down from last week, again. August is a traditionally slow month for inventory so I don't expect to see any increase until sometime in September. 

Santa Clara Ca REal Estate Market Update 8/11/2013 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 46 single family Santa Clara homes for sale, up from 40 last week.

There are currently 39 Santa Clara town homes/condos for sale, down from 48 last week.

There are currently 60 pending sales of Santa Clara single family homes, up from 46 last week.

There are currently 46 pending sales of Santa Clara town homes/Condos, up from 42 last week.

In July of 2013 there were 61 single family Santa Clara homes sold, the same as in June, ranging in price from $410,000 to $1,520,000. The lowest priced home is about the same as teh lowest price in June, but the highest price home is much higher, by about 300K. This is probably a fluke.  

In June of 2013 there were 39 Santa Clara Town Homes/Condos sold, almost 20% more than in June.  They ranged in price from $190,000 to $815,000. This is about the same as in June. Has the appreciation started to slow down? I think so.  

Santa Clara single family home listings are finally up from before the holiday.  Condos are down 10% from last week but they had been up 20% over the previous 2 weeks so this is not surprising.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

 

There are currently 16 single family Mountain View homes for sale,  the same as last week.

There are currently 15 Mountain View town homes/condos for sale,  the same as last week.

There are currently 37 pending sales of Mountain View single family homes,  up from 31 last week.

There are currently 30 pending sales of Mountain View Town homes/Condos, up from 29 last week.

 

In July, 2013 there were 27 single family Mountain View homes sold ranging in price from $850,000 to $2,098,000. This does not include sales in the new development in Waverley Park. The lowest price sale is up almost 100K from June.

In June, 2013  there were 31 Mountain View Town Homes/Condos sold ranging in price from $340,000 to $980,000. These numbers are lower than June. Are we starting to level off in appreciation? I think so. 

The inventory is the same as last week in single family home listings as well as condos. Pending sales are up which shows a still very strong demand for homes in Mountain View.  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I don't expect to see another jump until Sept at the earliest, but the structural problem of not enough single family homes is not going to be solved this. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 23 single family Palo Alto homes for sale, down from 28 last week.

There are currently 5 Palo Alto town homes/condos for sale, down from 6 last week.

There are currently 41 pending sales of Palo Alto single family homes, down from 42 last week.

There are currently 4 pending sales of Palo Alto Town homes/Condos, down from 6 last week.

 

In July of 2013 there were 41 single family Palo Alto homes sold, a big drop from April, May  and June sales. The prices ranged from $1,250,000 to $5,495,000. No homes under a million is significant and a higher lowest price than June. This is getting to be a common occurrence in Palo Alto.

In July of 2013 there were 5 Palo Alto Town Homes/Condos sold, a huge drop from June. The prices ranged from $542,000 to $1,230,000. This is not a high starting price point for condos in Palo Alto, but it was ony one bedroom and about the same as last month.

 

We had decrease in single family homes for sale, and a decrease in condos. We were in the 40 home range for a few weeks and I hope we get back there again in the fall. August is traditionally a low inventory month so I don't expect much in the way of new inventory this month. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.

 

Menlo Park Ca Real Estate Market Update 8/4/2013 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 31 single family Menlo Park homes for sale down from 34 last week..

There are currently 9 Menlo Park town homes/condos for sale the same as last week.

There are currently 23 pending sales of Menlo Park single family homes down from 26 last week.

There are currently 5 pending sales of Menlo Park homes/Condos down from 6 last week.

In July of 2013 there were 46 single family Menlo Park homes sold, a nice jump from June.  The prices ranged from $475,000 to $3,950,000. The lowest priced home in Belle Haven is down $100,000 from June and in central Menlo the price is down 1.5 for the highest price sold. I think the prices may be starting to level off. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in June was $899,000 down June's lowest price of 975K.  In July of 2013 there were 12 Menlo Park Town Homes/Condos sold.   The prices ranged from $380,000 to $1,326,000. This is a high starting price point for condos,  The lowest price condo that is not senior only housing was $580,00 for a 1 bedroom in Sharon Park which is similar to a one bedroom condo in Palo Alto.

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and like Palo Alto and Mountain View down from last week, again. August is a traditionally slow month for inventory so I don't expect to see any increase until sometime in September.  

 

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 40 single family Santa Clara homes for sale, down from 44 last week.

 

There are currently 48 Santa Clara town homes/condos for sale, up from 44 last week.

 

There are currently 56 pending sales of Santa Clara single family homes, the same as last week.

 

There are currently 42 pending sales of Santa Clara town homes/Condos, down from 43 last week.

 

In July of 2013 there were 61 single family Santa Clara homes sold, the same as in June, ranging in price from $410,000 to $1,520,000. The lowest priced home is about the same as teh lowest price in June, but the highest price home is much higher, by about 300K. This is probably a fluke.  

 

In June of 2013 there were 39 Santa Clara Town Homes/Condos sold, almost 20% more than in June.  They ranged in price from $190,000 to $815,000. This is about the same as in June. Has the appreciation started to slow down? I think so.  

 

Santa Clara single family home listings are not up from before the holiday.  Condos are up another 10% from last week.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

 

 

Mountain View Ca Real Estate Market Update 8/4/2013

There are currently 16 single family Mountain View homes for sale,  up from 12  last week.

There are currently 15 Mountain View town homes/condos for sale,  up from 14 last week.

There are currently 31 pending sales of Mountain View single family homes,  the same as last week.

There are currently 29 pending sales of Mountain View Town homes/Condos, down from 31 last week.

 

In July, 2013 there were 27 single family Mountain View homes sold ranging in price from $850,000 to $2,098,000. This does not include sales in the new development in Waverley Park. The lowest price sale is up almost 100K from June.

In June, 2013  there were 31 Mountain View Town Homes/Condos sold ranging in price from $340,000 to $980,000. These numbers are lower than June. Are we starting to level off in appreciation? I think so. 

The inventory is up a little this week in single family home listings as well as condos. I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  August is always a slow month for listings so I don't expect to see another jump until Sept at the earliest, but the structural problem of not enough single family homes is not going to be solved this. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 28 single family Palo Alto homes for sale, down from 29 last week.

There are currently 6 Palo Alto town homes/condos for sale, the same as last week.

There are currently 42 pending sales of Palo Alto single family homes, down from 45 last week.

There are currently 6 pending sales of Palo Alto Town homes/Condos, down from 7 last week.

In July of 2013 there were 41 single family Palo Alto homes sold, a big drop from April, May  and June sales. The prices ranged from $1,250,000 to $5,495,000. No homes under a million is significant and a higher lowest price than June. This is getting to be a common occurrence in Palo Alto.

In July of 2013 there were 5 Palo Alto Town Homes/Condos sold, a huge drop from June. The prices ranged from $542,000 to $1,230,000. This is not a high starting price point for condos in Palo Alto, but it was ony one bedroom and about the same as last month.

We had increase in single family homes for sale, and a decrease in condos. We were in the 40 home range for a few weeks and I hope we get back there again in the fall. August is traditionally a low inventory month so I don't expect much in the way of new inventory this month. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. 

 

Selling a Home In San Jose

2013 has been an amazing year for San Jose Sellers. With inventory at historic lows and interest rates at historic highs, San Jose homes for sale have been flying off the shelf.  

However, now it is summer, and there is a normal shift in the market. The 20% appreciation that we saw in the first 6 months of the year is leveling off which is typical for this time of year. Interest rates have gone up by about 1% and while still low, are high enough to keep the affordability of a home in check for some buyers, and inventory has increased.

This does not mean it is a buyers market, or that prices are crashing, but it does mean San Jose sellers can not get lazy, especially if you want to get top dollar for your home

When a buyer first sees a home they get an impression which is hard to shake. Many people will look at a home and get a feeling for whether it is for them or not. They also get a feeling for whether the house needs work or is ready to move in. This feeling may not be based on reality.

You may have a San Jose home to sell that has been impeccably maintained structurally. It could have a new heater, an upgraded foundation, copper pipes, and new windows. However, if the landscaping is over grown it will look like a fixer. If the exterior paint is peeling, it will look like a fixer. If the home is cluttered and messy it will look like a fixer.

What happens if your San Jose home looks like a fixer? It is not pretty.

First of all you will get offers from flippers, mostly amateur who will think they can get the house for 100K less than asking so they can make a profit. You will have first time buyers not even make offers because they have no idea that for $10,000 they can make the house look beautiful. The work will seem overwhelming. And you will have buyers who love the house, but not be able to afford it at today's interest rates.

So, when you are selling your San Jose home, act as if the market is a buyer's market and make your house look as good as possible. You will be rewarded with an easier and more profitable sale.

 

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 34 single family Menlo Park homes for sale down from 39 last week..

 

There are currently 9 Menlo Park town homes/condos for sale the up from 7 last week.

 

There are currently 26 pending sales of Menlo Park single family homes down from 29 last week.

 

There are currently 6 pending sales of Menlo Park homes/Condos down from 7 last week.

 

In June of 2013 there were 33 single family Menlo Park homes sold down from 47 in May.  The prices ranged from $540,000 to $4,375,000. The lowest priced home in Belle Haven is up $100,000 from May. I thought we may have been leveling off but this number does not prove it. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in June was $975,000 up a little form May but the only home with Menlo Park schools sold under a million. In June of 2013 there were 10 Menlo Park Town Homes/Condos sold.   The prices ranged from $395,000 to $1,800,000. This is a high starting price point for condos, but not as high as Palo Alto. The lowest price condo that is not senior only housing was $551,00 for a 1 bedroom in Sharon Park which is similar to a one bedroom condo in Palo Alto.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and like Palo Alto and Mountain View down from last week, again. I am hoping that as the summer progresses we will have more inventory and that this week is not a trend.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Santa Clara Ca Real Estate Market Up 7/27/2013 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 44 single family Santa Clara homes for sale, down from 46 last week.

There are currently 44 Santa Clara town homes/condos for sale, up from 39 last week.

There are currently 56 pending sales of Santa Clara single family homes, down from 61 last week.

There are currently 43 pending sales of Santa Clara town homes/Condos, down from 59 last week.

In June of 2013 there were 61 single family Santa Clara homes sold, up from 47 in May, ranging in price from $420,000 to $1,240,000. This shows a decrease in price range of 10% for the lowest priced home sold in May, but it was a short sale that took a long time to close so the market at time of sale was lower. The lowest price traditional sale was $550,000 which is $100,000 higher than the lowest price in May. 

In June of 2013 there were 33 Santa Clara Town Homes/Condos sold, the same as in May.  They ranged in price from $230,000 to $790,000. This is 20% lower than the lowest price in May and 5% lower than the highest price in May. Has the appreciation started to slow down? I think so.  

Santa Clara single family home listings are not up from before the holiday.  Condos are up another 10% from last week.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

There are currently 12 single family Mountain View homes for sale,  down from 15  last week.

There are currently 14 Mountain View town homes/condos for sale,  down from 19 last week.

There are currently 31 pending sales of Mountain View single family homes,  up from 28 last week.

There are currently 34 pending sales of Mountain View Town homes/Condos, the same as last week.

 

In June, 2013 there were 31 single family Mountain View homes sold ranging in price from $765,000 to $1,510,000.  The volume was up 30% from May.  The prices ranged from $770,000 to $2,498,000. this does not include sales in the new development in Waverley Park.

In June, 2013  there were 35 Mountain View Town Homes/Condos sold ranging in price from $351,000 to $1,215,000. These numbers are very similar to May. Are we starting to level off in appreciation? I think so. 

The inventory is down this week in single family home listings as well as condos. I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  I think as the summer goes on it may still be possible to get a healthier number on the market, but the structural problem of not enough single family homes is not going to be solved this summer. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 29 single family Palo Alto homes for sale, down from 35 last week.

 

There are currently 6 Palo Alto town homes/condos for sale, down from 9 last week.

 

There are currently 45 pending sales of Palo Alto single family homes, up from 42 last week.

 

There are currently 7 pending sales of Palo Alto Town homes/Condos, the same as last week.

 

In June of 2013 there were 29 single family Palo Alto homes sold, a big drop from April and May sales. The prices ranged from $1,141,400 to $5,750,000. No homes under a million is significant. This is getting to be a common occurance in Palo Alto.

 

In June of 2013 there were 15 Palo Alto Town Homes/Condos sold, a nice increase from earlier in the spring. The prices ranged from $535,000 to $1,521,000. This is not a high starting price point for condos in Palo Alto, but it was ony one bedroom. 

 

We had decrease in single family homes for sale, as well as condos. We were in the 40 home range for a few weeks and I hope we get back there again this week. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Santa Clara County Real Estate Market Update 7/21/2013                         

   

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 46 single family Santa Clara homes for sale, the same as last week.

There are currently 39 Santa Clara town homes/condos for sale, up from 34 last week.

There are currently 61 pending sales of Santa Clara single family homes, up from 59 last week.

There are currently 59 pending sales of Santa Clara town homes/Condos, up from 51 last week.

In June of 2013 there were 61 single family Santa Clara homes sold, up from 47 in May, ranging in price from $420,000 to $1,240,000. This shows a decrease in price range of 10% for the lowest priced home sold in May, but it was a short sale that took a long time to close so the market at time of sale was lower. The lowest price traditional sale was $550,000 which is $100,000 higher than the lowest price in May. 

In June of 2013 there were 33 Santa Clara Town Homes/Condos sold, the same as in May.  They ranged in price from $230,000 to $790,000. This is 20% lower than the lowest price in May and 5% lower than the highest price in May. Has the appreciation started to slow down? I think so.  

Santa Clara single family home listings are not up from before the holiday.  Condos are up antoher 10% from last week.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Menlo Park Ca Real Estate Market Update 7/21/2013                              

 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 39 single family Menlo Park homes for sale down from 42 last week..

 

There are currently 7 Menlo Park town homes/condos for sale the down from 8 last week.

 

There are currently 29 pending sales of Menlo Park single family homes down from 30 last week.

 

There are currently 7 pending sales of Menlo Park homes/Condos down from 10 last week.

 

In June of 2013 there were 33 single family Menlo Park homes sold down from 47 in May.  The prices ranged from $540,000 to $4,375,000. The lowest priced home in Belle Haven is up $100,000 from May. I thought we may have been leveling off but this number does not prove it. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in June was $975,000 up a little from May but the only home with Menlo Park schools sold under a million. In June of 2013 there were 10 Menlo Park Town Homes/Condos sold. The prices ranged from $395,000 to $1,800,000. This is a high starting price point for condos, but not as high as Palo Alto. The lowest price condo that is not senior only housing was $551,00 for a 1 bedroom in Sharon Park which is similar to a one bedroom condo in Palo Alto.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and unlike Palo Alto, Mountain View and Santa Clara down from last week, again. I am hoping that as the summer progresses we will have more inventory and that this week is not a trend.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Mountain View Ca Real Estate Market Update 7/20/2013                     

 

There are currently 15 single family Mountain View homes for sale,  down from 20  last week.

There are currently 19 Mountain View town homes/condos for sale,  up from 17 last week.

There are currently 28 pending sales of Mountain View single family homes,  up from 24 last week.

There are currently 34 pending sales of Mountain View Town homes/Condos, up from from 31 last week.

 

In June, 2013 there were 31 single family Mountain View homes sold ranging in price from $765,000 to $1,510,000.  The volume was up 30% from May.  The prices ranged from $770,000 to $2,498,000. this does not include sales in the new development in Waverley Park.

In June, 2013  there were 35 Mountain View Town Homes/Condos sold ranging in price from $351,000 to $1,215,000. These numbers are very similar to May. Are we starting to level off in appreciation? I think so. 

The inventory is down this week in single family home listings and up in condos. I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  I think as the summer goes on it may still be possible to get a healthier number on the market, but the structural problem of not enough single family homes is not going to be solved this summer. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Palo Alto Real Estate Market Update 7/20/2013                              

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 35 single family Palo Alto homes for sale, down from 40 last week.

 

There are currently 9 Palo Alto town homes/condos for sale, up from 7 last week.

 

There are currently 42 pending sales of Palo Alto single family homes, up from 32 last week.

 

There are currently 7 pending sales of Palo Alto Town homes/Condos, down from 7 last week.

 

In June of 2013 there were 29 single family Palo Alto homes sold, a big drop from April and May sales. The prices ranged from $1,141,400 to $5,750,000. No homes under a million is significant. This is getting to be a common occurance in Palo Alto.

 

In June of 2013 there were 15 Palo Alto Town Homes/Condos sold, a nice increase from earlier in the spring. The prices ranged from $535,000 to $1,521,000. This is not a high starting price point for condos in Palo Alto, but it was ony one bedroom. 

 

We had decrease in single family homes for sale, but an increase in condos. We were in the 40 home range for a few weeks and I hope we get back there again this week. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

San Jose Ca. Sellers, How to Price Your Home This Summer?                        

 

07/17/2013

Selling a home in San Jose

Are you going to sell your home in San Jose this summer or fall? Are you wondering how to price your home? Have you been getting conflicting advice about the market in San Jose? Are you confused about the San Jose real estate market?

It is not surprising if you are confused about the best strategy to price your home to get the best price in the fastest time. The market is going through a change. Inventory is up a little, although not anywhere near buyer's market range. The big issue could be the rising interest rates. For homes under a million dollars the increase in interest rates does make homes less affordable for those buyers who are buying at or near the maximum they can afford. On top of that is a decrease in investors who will want to buy the San Jose home you are selling. Price have appreciated so much that many investors no longer see a good return on their dollar and are looking elsewhere for a place to buy rental properties

I am not trying to imply that this is a bad time to try to sell your San Jose home, because it is not, It is just a slightly different market than last spring, and as such you need to take this small shift in account when deciding on a strategy to sell your San Jose home.

Here are the recommendations I give my San Jose sellers when they ask me what price they should list their San Jose home for:

1. Look at the most recent closed sales in the immediate neighborhood and the condition of the homes at that price as well as the lot size and location.

2. Adjust for things like remodeling, noise, structural issues, lot size, and square footage.

3. After adding and subtracting for the differences take an average of at least 3 comps.

4. List just slightly below the average, maybe 1-2%

In this market I would not suggest listing very low in order to generate multiple offers as it may not happen.  I would also not suggest to list high to see if someone will pay. I believe if you list close to market you will sell your home in San Jose for the best price in the fastest time period.

 

Santa Clara County Real Estate Market Update 7/14/2013                           

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 46 single family Santa Clara homes for sale, down from 49 before the July 4th Holiday.

 

There are currently 34 Santa Clara town homes/condos for sale, up from 30 before the July 4th Holiday.

 

There are currently 59 pending sales of Santa Clara single family homes, down from 69 last week.

 

There are currently 51 pending sales of Santa Clara town homes/Condos, down from 54 last week.

 

In June of 2013 there were 61 single family Santa Clara homes sold, up from 47 in May, ranging in price from $420,000 to $1,240,000. This shows a decrease in price range of 10% for the lowest priced home sold in May, but it was a short sale that took a long time to close so the market at time of sale was lower. The lowest price traditional sale was $550,000 which is $100,000 higher than the lowest price in May. 

 

In June of 2013 there were 33 Santa Clara Town Homes/Condos sold, the same as in May.  They ranged in price from $230,000 to $790,000. This is 20% lower than the lowest price in May and 5% lower than the highest price in May. Has the appreciation started to slow down? I think so.  

 

Santa Clara single family home listings are not up from before the holiday.  Condos are up 10% from before the holiday.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Menlo Park Real Estate Market Update 7/14/2013                              

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 42 single family Menlo Park homes for sale down from 43 before the July 4th Holiday.

There are currently 8 Menlo Park town homes/condos for sale the down from 9 before the July 4th Holiday.

There are currently 30 pending sales of Menlo Park single family homes down from 35 before the July 4th Holiday

There are currently 10 pending sales of Menlo Park homes/Condos down from 11 before the July 4th Holiday.

In June of 2013 there were 33 single family Menlo Park homes sold down from 47 in May.  The prices ranged from $540,000 to $4,375,000. The lowest priced home in Belle Haven is up $100,000 from May. I thought we may have been leveling off but this number does not prove it. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in June was $975,000 up a little form May but the only home with Menlo Park schools sold under a million. In June of 2013 there were 10 Menlo Park Town Homes/Condos sold.   The prices ranged from $395,000 to $1,800,000. This is a high starting price point for condos, but not as high as Palo Alto. The lowest price condo that is not senior only housing was $551,00 for a 1 bedroom in Sharon Park which is similar to a one bedroom condo in Palo Alto.

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and unlike Palo Alto, Mountain View and Santa Clara down from last week. I am hoping that as the summer progresses we will have more inventory and that this week is not a trend.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Mountain View Ca Market Update 7/14/2013         

               

There are currently 20 single family Mountain View homes for sale,  down from 21  before the July 4th Holiday.

There are currently 17 Mountain View town homes/condos for sale,  up from 12 before the July 4th Holiday.

There are currently 24 pending sales of Mountain View single family homes,  down from 35 before the 4th of July Holiday.

There are currently 31 pending sales of Mountain View Town homes/Condos, down from from 37 before the 4th of July Holiday.

 

In June, 2013 there were 31 single family Mountain View homes sold ranging in price from $765,000 to $1,510,000.  The volume was up 30% from May.  The prices ranged from $770,000 to $2,498,000. this does not include sales in the new development in Waverley Park.

In June, 2013  there were 35 Mountain View Town Homes/Condos sold ranging in price from $351,000 to $1,215,000. These numbers are very similar to May. Are we starting to level off in appreciation? I think so. 

The inventory is stable this week in single family home listings and up from the holiday in condos. I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  I think as the summer goes on it may still be possible to get a healthier number on the market, but the structural problem of not enough single family homes is not going to be solved this summer. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Palo Alto Ca Real Estate Market Update 7/14/2013                           

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 40 single family Palo Alto homes for sale down from 42 before the 4th of July holiday.

There are currently 7 Palo Alto town homes/condos for sale, the same as before the 4th of July holiday.

There are currently 32 pending sales of Palo Alto single family homes, up from 29 before the 4th of July holiday.

There are currently 7 pending sales of Palo Alto Town homes/Condos, up from 6 before the 4th of July holiday

In June of 2013 there were 29 single family Palo Alto homes sold, a big drop from April and May sales. The prices ranged from $1,141,400 to $5,750,000. No homes under a million is significant. This is getting to be a common occurance in Palo Alto.

In June of 2013 there were 15 Palo Alto Town Homes/Condos sold, a nice increase from earlier in the spring. The prices ranged from $535,000 to $1,521,000. This is not a high starting price point for condos in Palo Alto, but it was ony one bedroom. 

We had a nice little increase in inventory this week after a drop down to 24 during the July 4th holiday. I believe this trend will continue as more sellers seem to coming into the market. Now 40 homes for sale is still a strong seller's market, but it is not a ridiculous seller's market. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

San Jose For Sale By Owner A Lot Can Go Wrong                     

 

 07/09/2013

San Jose For Sale By Owner

 

The real estate market in San Jose is hot! Homes are "flying off the shelf." As the owner of a San Jose home you may think it is such a strong seller's market why should I pay so many thousands of dollars to a San Jose real estate agent when I can find the buyer myself. 

 

Well, I can tell you a story about just one of the things that can happen when a San Jose home owner decides to try to do it herself. These are not all the things that can possibly go wrong, just what happened to one poor San Jose for sale by owner seller.

 

So Ms For Sale by Owner from Blossom Valley in San Jose inherited a home from her mother a few months ago. Mom was ill at the end of her life and dies with no money, just a home with a mortgage. The mortgage was 6 months past due when Ms For Sale By Owner decided she would try to preserve what equity was left so she decided to try to sell the house herself.

 

Ms For Sale by Owner put the home on Zillow and found a buyer. After Ms For Sale By Owner agreed to the price and terms with the Mr Buyer with No Agent a friend of Ms For Sale By Owner who works at a law firm advised her to call me to handle the paper work. Now this is not something I normally do, but I agreed since it was a referral from a law firm that I work with a lot. I agreed to write up the contract and provide the disclosures for the seller, but not to represent the buyer.

 

So I wrote up a contract which gave the Mr Buyer Without an Agent 17 days to do any additional inspections he desired, 17 days for his loan approval, and a very clear addendum saying I was not his agent. I explained nothing to him.

 

At the end of 17 days I gave Mr Buyer Without an Agent a contingency removal to sign which he did.

 

A week later when I asked his lender when the loan docs would be drawn I was told that Mr Buyer Without An Agent had to sell his mobile home to get the down payment to buy Ms For Sale By Owner's Blossom Valley house. The first buyer backed out but he had an all cash back up buyer so we were just waiting for the mobile home park to approve the buyer for the open house. Guess what, that buyer backs out also.

 

So Ms For Sale By Owner has to cancel the contract with Mr Buyer Without An Agent. Mr Buyer Without An Agent had breached his contract. The contract was never written with a contingency on the sale of another property. Mr Buyer without an Agent signed a contingencies removal removing all contingencies. If he had an agent he would not have done that. He may lose his deposit now.

 

Ms For Sale By Owner has now lost 6 weeks of time that the mortgage is past due and not paid off. The bank has been patient, but there is nothing from stopping the bank from recording a Notice of Default which will cost her even more money.

 

Ms For Sale By Owner has learned her lesson. We are signing a new listing agreement and the new buyer will have an agent or their offer will not be accepted.

 

So in this case, no one won by trying to do a "for sale by owner" in San Jose. This is just one example on how trying to save some money can make you lose more than you thought you could save. In other words, friends don't let friends buy or sell houses without a good agent.

 

 

Menlo Park Ca Real Estate Market Update 6/23/2013 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 43 single family Menlo Park homes for sale up from 41 last week.

There are currently 9 Menlo Park town homes/condos for sale the down from 11 last week.

There are currently 35 pending sales of Menlo Park single family homes the same as last week.

There are currently 11 pending sales of Menlo Park homes/Condos the same as last week.

In May of 2013 there were 47 single family Menlo Park homes sold.  The prices ranged from $450,000 to $4,395,000. The lowest priced home in Belle Haven is down $45,000 from April is significant and may show that the market is starting to level off. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in April was $936,000 also down a little form April when no homes with Menlo Park schools sold under a million. This also may indicate that the market is starting to level off.

In May of 2013 there were 7 Menlo Park Town Homes/Condos sold.   The prices ranged from $375,000 to $1,475,000. This is a high starting price point for condos as well. The lowest price condo that is not senior only housing was $690,000 for a 2 bedroom in Sharon Park, down 10K from April. This also points to a leveling off of the market.

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and unlike Palo Alto, Mountain View and Santa Clara down from last week. I am hoping that as the summer progresses we will have more inventory and that this week is not a trentd.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 49 single family Santa Clara homes for sale, up from 48 last week.

 

There are currently 30 Santa Clara town homes/condos for sale, down from 33 last week.

 

There are currently 69 pending sales of Santa Clara single family homes, up from 66 last week.

 

There are currently 54 pending sales of Santa Clara town homes/Condos, up from 46 last week.

 

In May of 2013 there were 45 single family Santa Clara homes sold, 6 more than the number in April, ranging in price from $495,000 to $1,290,000. This shows a decrease in price range of 10% for the lowest priced home sold in April. The highest is up 3% from April.

 

In May of 2013 there were 33 Santa Clara Town Homes/Condos sold, five more than in April.  They ranged in price from $280,000 to $825,000. Again the low end is about 25% higher and the high end about the same. The lowest priced traditional sale was $275,000 in April so a low price of $280,000 is not that significant.  

 

Santa Clara single family home listings are up from last week, but only by one. However that is up for 3 weeks in a row which is great news. Condos are down 10% from last week.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Mountain View Ca Real Estate Market Update June 23, 2013 

There are currently 21 single family Mountain View homes for sale,  up from 23  last week.

There are currently 12 Mountain View town homes/condos for sale,  the same as last week.

There are currently 35 pending sales of Mountain View single family homes,  up from 31 last week.

There are currently 37 pending sales of Mountain View Town homes/Condos, down from from 36 last week.

 

In May, 2013 there were 20 single family Mountain View homes sold ranging in price from $765,000 to $1,510,000.  The volume was the same and the low end is about the same as Feb and March, but the high end is not as high as in April.

In May, 2013  there were 38 Mountain View Town Homes/Condos sold ranging in price from $357,000 to $1,350,000. The low end was very similar to April, the volume up a little, and the high end up by $100,000.

The inventory is down this week in single family home listings and unchanged from last week in condos. I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers.  I think as the summer goes on it may still be possible to get a healthier number on the market, but the structural problem of not enough single family homes is not going to be solved this summer. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 42 single family Palo Alto homes for sale up from 38 last week.

 

There are currently 7 Palo Alto town homes/condos for sale, the same as last week.

 

There are currently 29 pending sales of Palo Alto single family homes, up from 26 last week.

 

There are currently 6 pending sales of Palo Alto Town homes/Condos, down from 11 last week.

 

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

 

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March. The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 

 

We had a nice little increase in inventory this week with an increase in pending sales as well. I believe this trend will continue and we finally hit 42 single family homes for sale as more sellers seem to coming into the market. Now 42 homes for sale is still a strong seller's market, but it is not a ridiculous seller's market. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market. I am concerned that as we come on to 4th of July week-end the number of active listings will drop again, but hopefully will pick up after Jully 7th.  As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Menlo Park Ca Real Estate Market Update 6/15/2013 

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 41 single family Menlo Park homes for sale down from 43 last week.

There are currently 11 Menlo Park town homes/condos for sale the down from 13 last week.

There are currently 35 pending sales of Menlo Park single family homes down from 40 last week.

There are currently 11 pending sales of Menlo Park homes/Condos up from 9 last week.

In May of 2013 there were 47 single family Menlo Park homes sold.  The prices ranged from $450,000 to $4,395,000. The lowest priced home in Belle Haven is down $45,000 from April is significant and may show that the market is starting to level off. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in April was $936,000 also down a little form April when no homes with Menlo Park schools sold under a million. This also may indicate that the market is starting to level off.

In May of 2013 there were 7 Menlo Park Town Homes/Condos sold.   The prices ranged from $375,000 to $1,475,000. This is a high starting price point for condos as well. The lowest price condo that is not senior only housing was $690,000 for a 2 bedroom in Sharon Park, down 10K from April. This also points to a leveling off of the market.

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and unlike Palo Alto, Mountain View and Santa Clara down from last week. I am hoping that as the summer progresses we will have more inventory and that this week is not a trentd.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 48 single family Santa Clara homes for sale, uo from 40 last week.

 

There are currently 33 Santa Clara town homes/condos for sale, up from 30 last week.

 

There are currently 66 pending sales of Santa Clara single family homes, down from 71 last week.

 

There are currently 46 pending sales of Santa Clara town homes/Condos, up from 50 last week.

 

In May of 2013 there were 45 single family Santa Clara homes sold, 6 more than the number in April, ranging in price from $495,000 to $1,290,000. This shows a decrease in price range of 10% for the lowest priced home sold in April. The highest is the up 3% from April.

 

In May of 2013 there were 33 Santa Clara Town Homes/Condos sold, five more than in April.  They ranged in price from $280,000 to $825,000. Again the low end is about 25% higher and the high end about the same. The lowest priced traditional sale was $275,000 in April so a low price of $280,000 is not that significant.  

 

Santa Clara single family home listings had another good jump last week, up about 20% from the previous week for the second week in 3 weeks. Condos were up 10% from last week.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

There are currently 23 single family Mountain View homes for sale,  up from 18  last week.

 

There are currently 12 Mountain View town homes/condos for sale,  up from 9 last week.

 

There are currently 31 pending sales of Mountain View single family homes,  down from 38 last week.

 

There are currently 36 pending sales of Mountain View Town homes/Condos, down from from 40 last week.

 

 

 

In May, 2013 there were 20 single family Mountain View homes sold ranging in price from $765,000 to $1,510,000.  The volume was the same and the low end is about the same as Feb and March, but the high end is not as high as in April.

 

In May, 2013  there were 38 Mountain View Town Homes/Condos sold ranging in price from $357,000 to $1,350,000. The low end was very similar to April, the volume up a little, and the high end up by $100,000.

 

The inventory is up this week in condos and single family home listings.  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but up is better than down.  I think as the summer goes on it may still be possible. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 38 single family Palo Alto homes for sale up from 34 last week.

There are currently 7 Palo Alto town homes/condos for sale, the same as last week.

There are currently 26 pending sales of Palo Alto single family homes, down from 30 last week.

There are currently 11 pending sales of Palo Alto Town homes/Condos, down from 10 last week.

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March. The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 

We had a nice little increase in inventory this week with a decrease in pending sales. I believe this trend will continue and still hope that in June and July may see weekly homes in the 40's as more sellers seem to coming into the market. Right now at 38 single family homes for sale we are so close to 40 I think we may get there by next week. Now 40 homes for sale is still a strong seller's market, but it is not a ridiculous seller's market. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market. As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation. If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 40 single family Santa Clara homes for sale, the same as last week.

 

There are currently 26 Santa Clara town homes/condos for sale, down from 27 last week.

 

There are currently 71 pending sales of Santa Clara single family homes, down from 78 last week.

 

There are currently 50 pending sales of Santa Clara town homes/Condos, up from 42 last week.

 

In May of 2013 there were 45 single family Santa Clara homes sold, 6 more than the number in April, ranging in price from $495,000 to $1,290,000. This shows a decrease in price range of 10% for the lowest priced home sold in April. The highest is the up 3% from April.

 

In May of 2013 there were 33 Santa Clara Town Homes/Condos sold, five more than in April.  They ranged in price from $280,000 to $825,000. Again the low end is about 25% higher and the high end about the same. The lowest priced traditional sale was $275,000 in April so a low price of $280,000 is not that significant.  

 

Santa Clara single family home listings had a good jump last week, up about 20% from the previous week. This week there was no change but that is not too surprising considering the large jump after Memorial Week-end.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Mountain View,Ca Real Estate Market Update 6/10/2013 

There are currently 18 single family Mountain View homes for sale,  down from 25  last week.

There are currently 9 Mountain View town homes/condos for sale,  down from 11 last week.

There are currently 38 pending sales of Mountain View single family homes,  down from 35 last week.

There are currently 40 pending sales of Mountain View Town homes/Condos, down from from 41 last week.

 

In May, 2013 there were 20 single family Mountain View homes sold ranging in price from $765,000 to $1,510,000.  The volume was the same and the low end is about the same as Feb and March, but the high end is not as high as in April.

In May, 2013  there were 38 Mountain View Town Homes/Condos sold ranging in price from $357,000 to $1,350,000. The low end was very similar to April, the volume up a little, and the high end up by $100,000.

The inventory is down this week in condos and single family home listings.  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week. I think as the summer goes on it may still be possible. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 34 single family Palo Alto homes for sale up from 27 last week.

There are currently 7 Palo Alto town homes/condos for sale, up from 4 last week.

There are currently 30 pending sales of Palo Alto single family homes, down from 37 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos, down from 15 last week.

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March.  The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 

This week the lowest price listing of a single family home is $1,099,000 which is higher than the lowest priced sale in April. Since most homes get multiple offers and sell higher than list price it is reasonable to expect that the lowest priced sale could be over $100,000 higher than the lowest sale  in all of April. In other words, the market is still appreciating.


We had a nice little increase in inventory this week with a decrease in pending sales. I believe this trend will continue and still hope that in June and July may see weekly homes in the 40's as more sellers seem to coming into the market. If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 40 single family Santa Clara homes for sale, up from 32 last week.

 

There are currently 27 Santa Clara town homes/condos for sale, the same as last week.

 

There are currently 78 pending sales of Santa Clara single family homes, down from 82 last week.

 

There are currently 42 pending sales of Santa Clara town homes/Condos, up from 40 last week.

 

In May of 2013 there were 45 single family Santa Clara homes sold, 6 more than the number in April, ranging in price from $495,000 to $1,290,000. This shows a decrease in price range of 10% for the lowest priced home sold in April. The highest is the up 3% from April.

 

In May of 2013 there were 33 Santa Clara Town Homes/Condos sold, five more than in April.  They ranged in price from $280,000 to $825,000. Again the low end is about 25% higher and the high end about the same. The lowest priced traditional sale was $275,000 in april so a low price of $280,000 is not that significant.  

 

Santa Clara single family home listings had a good jump this week, up about 20% from last week.  Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell. However, there was not an increase in condos for sale and this is important as there are so many young people trying to buy their first homes and so few condos for them to buy.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Mountain View Ca Real Estate Market Update 6/2/2013 

There are currently 25 single family Mountain View homes for sale,  up from 20  last week.

There are currently 11 Mountain View town homes/condos for sale,  down from 18 last week.

There are currently 35 pending sales of Mountain View single family homes,  down from 36 last week.

There are currently 41 pending sales of Mountain View Town homes/Condos, up from from 37 last week.

 

In May, 2013 there were 20 single family Mountain View homes sold ranging in price from $765,000 to $1,510,000.  The volume was the same and the low end is about the same as Feb and March, but the high end is not as high as in April.

In May, 2013  there were 38 Mountain View Town Homes/Condos sold ranging in price from $357,000 to $1,350,000. The low end was very similar to April, the volume up a little, and the high end up by $100,000.

The inventory is down this week on condos and up on single family home listings. I would have thought there would be more condos after a holiday week-end.  I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week. I think as the summer goes on it may still be possible. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 36 single family Palo Alto homes for sale up from 27 last week.

There are currently 7 Palo Alto town homes/condos for sale, up from 4 last week.

There are currently 36 pending sales of Palo Alto single family homes, down from 37 last week.

There are currently 11 pending sales of Palo Alto Town homes/Condos, down from 15 last week.

In May of 2013 there were 42 single family Palo Alto homes sold, about 4 less than in April. The prices ranged from $975,000 to $6,974,000. There were 2 homes under a million, unlike in April when there were no sales under a million.

In May of 2013 there were 12 Palo Alto Town Homes/Condos sold, up from 7 March.  The prices ranged from $541,000 to $1,358,000. The condo for $541,00 was a one bedroom. 

This week the lowest price listing of a single family home is $1,088,000 which is higher that the lowest priced sale in May. Since most homes get multiple offers and sell higher than list price  the market is still appreciating.


It is the week after Memorial Week-end so this increase was expected. New listings rarely come on the market on holiday week-ends. The fact that all the pending sales are down  is from the lack of new inventory over memorial week.  However, I think that June and July may see weekly homes in the 40's as more sellers seem to coming into the market. If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 32 single family Santa Clara homes for sale, down from 50 last week.

 

There are currently 27 Santa Clara town homes/condos for sale, up from 23 last week.

 

There are currently 82 pending sales of Santa Clara single family homes, up from 56 last week.

 

There are currently 40 pending sales of Santa Clara town homes/Condos, down from 46 last week.

 

In April of 2013 there were 39 single family Santa Clara homes sold, 3 less than the number in March.,  ranging in price from $540,000 to $1,250,000. This shows an increase in price range of 10% for the lowest priced home sold. The highest is the same as March.

 

In April of 2013 there were 27 Santa Clara Town Homes/Condos sold, only one more than in March.  They ranged in price from $225,000 to $805,000. Again the low end is about 10% higher and the high end about the same. what is more significant is that the lowest priced condo at $225,000 was a short sale so the contract date was many months earlier. The lowest priced traditional sale was $275,000.  The lowest price traditional sale in March was $225,000. This shows over a 20% increase in the low end.

 

Santa Clara defied expectations this week by having more active condos on the market than last week. However, there was a steep drop in single family home listings due to the holiday week-end. Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Mountain View Ca Real Estate Market Update 5/25/2013 

 

There are currently 20 single family Mountain View homes for sale,  down from 26  last week.

There are currently 18 Mountain View town homes/condos for sale,  down from 22 last week.

There are currently 36 pending sales of Mountain View single family homes,  up from 29 last week.

There are currently 37 pending sales of Mountain View Town homes/Condos, down from from 44 last week.

 

In April, 2013 there were 18 single family Mountain View homes sold ranging in price from $705,000 to $1,900,000.  The volume was the same and the low end is about the same as Feb and March, but the high end is significantly higher..

In April, 2013  there were 32 Mountain View Town Homes/Condos sold ranging in price from $305,000 to $1,210,000. There were almost twice as many sales in April as in March, which is good, but the lowest price condo sold 10% over the lowest price in March.

The inventory is down this week as expected as it is a holiday week-end. I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week. I think as the summer goes on it may still be possible. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them. this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 27 single family Palo Alto homes for sale down from 39 last week.

 

There are currently 4 Palo Alto town homes/condos for sale, down from 9 last week.

 

There are currently 37 pending sales of Palo Alto single family homes, up from 28 last week.

 

There are currently 15 pending sales of Palo Alto Town homes/Condos, up from 11 last week.

 

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

 

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March.  The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 

 

This week the lowest price listing of a single family home is $1,099,000 which is higher that the lowest priced sale in April. Since most homes get multiple offers and sell higher than list price it is reasonable to expect that the lowest priced sale could be over $100,000 higher than the lowest sale  in all of April. In other words, the market is still appreciating.

 


It is Memorial Week-end so this drop was expected. New listings rarely come on the market on holiday week-ends. The fact that all the pending sales are up mean the market is still quickly absorbing homes that do come on the market.  However, I think that June and July may see weekly homes in the 40's as more sellers seem to coming into the market. If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Menlo Park Real Estate Market UPdate 5/19/2013                              

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 39 single family Menlo Park homes for sale 

There are currently 10 Menlo Park town homes/condos for sale.

There are currently 47 pending sales of Palo Alto single family homes.

There are currently 6 pending sales of Palo Alto Town homes/Condos.

In April of 2013 there were 30 single family Menlo Park homes sold.  The prices ranged from $495,000 to $4,275,000. The lowest priced home in Belle Haven being almost $500,0000 is significant and shows that the market is up. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in April was $1,075,000. No homes under a million in this category is also very significant.

In April of 2013 there were 6 Menlo Park Town Homes/Condos sold.   The prices ranged from $390,000 to $1,225,000. This is a high starting price point for condos as well. The lowest price condo that is not senior only housing was $700,000 for a 2 bedroom in Sharon Park.

This week the lowest price listing of a single family home is $1,099,000 which is higher that the lowest priced sale in April. Since most homes get multiple offers and sell higher than list price it is reasonable to expect that the lowest priced sale could be over $100,000 higher than the lowest sale in all of April. In other words, the market is still appreciating.

The inventory of single family homes for sale in Menlo Park is at historically low levels. I am hoping that as the summer progresses we will have more inventory.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Santa Clara Ca Real Estate Market Update 5/18/2013                               

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 50 single family Santa Clara homes for sale, up from 46 last week.

There are currently 23 Santa Clara town homes/condos for sale, up from 17 last week.

There are currently 64 pending sales of Santa Clara single family homes, up from 59 last week.

There are currently 46 pending sales of Santa Clara town homes/Condos, up from 40 last week.

In April of 2013 there were 39 single family Santa Clara homes sold, 3 less than the number in March.,  ranging in price from $540,000 to $1,250,000. This shows an increase in price range of 10% for the lowest priced home sold. The highest is the same as March.

In April of 2013 there were 27 Santa Clara Town Homes/Condos sold, only one more than in March.  They ranged in price from $225,000 to $805,000. Again the low end is about 10% higher and the high end about the same. what is more significant is that the lowest priced condo at $225,000 was a short sale so the contract date was many months earlier. The lowest priced traditional sale was $275,000.  The lowest price traditional sale in March was $225,000. This shows over a 20% increase in the low end.

 These numbers are better in all categories, and up for 2 weeks in a row for single family homes. However, the ratio of pending to active listings should be 1:2 not 2:1 in a healthier market. We just do not have enough listings. Hopefully as more homeowners come out from being underwater (owing more on their home than it is worth) more sellers will be able and willing to sell.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 39 single family Palo Alto homes for sale up from 29 last week.

There are currently 9 Palo Alto town homes/condos for sale, down from 12 last week.

There are currently 28 pending sales of Palo Alto single family homes, down from 36 last week.

There are currently 11 pending sales of Palo Alto Town homes/Condos, down from 12 last week.

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March.  The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 

This week the lowest price listing of a single family home is $1,099,000 which is higher that the lowest priced sale in April. Since most homes get multiple offers and sell higher than list price it is reasonable to expect that the lowest priced sale could be over $100,000 higher than the lowest sale  in all of April. In other words, the market is still appreciating.


The inventory of single family homes for sale is better than last week, for the third week in a row which is a good sign. It is a big increase, but since next week-end is Memorial Day Week-end I expect another drop at that time.  However, I think that June and July may see weekly homes in the 40's as more sellers seem to coming into the market. If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Santa Clara Ca. Real Estate Market Update 5/11/2013                        

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 46 single family Santa Clara homes for sale, up from 40 last week.

 

There are currently 17 Santa Clara town homes/condos for sale, down from 20 last week.

 

There are currently 59 pending sales of Santa Clara single family homes, down from 60 last week.

 

There are currently 40 pending sales of Santa Clara town homes/Condos, down from 42 last week.

 

In April of 2013 there were 39 single family Santa Clara homes sold, 3 less than the number in March.,  ranging in price from $540,000 to $1,250,000. This shows an increase in price range of 10% for the lowest priced home sold. The highest is the same as March.

 

In April of 2013 there were 27 Santa Clara Town Homes/Condos sold, only one more than in March.  They ranged in price from $225,000 to $805,000. Again the low end is about 10% higher and the high end about the same. what is more significant is that the lowest priced condo at $225,000 was a short sale so the contract date was many months earlier. The lowest priced traditonal sale was $275,000.  The lowest price traditional sale in March was $225,000. This shows over a 20% increase in the low end.

 

 Single family homes for sale are up and condos are down. Both catagories are still too low. 

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

 

Mountain View Ca Real Estate Market Update 5/11/2013                     

There are currently 23 single family Mountain View homes for sale, the same as last week.

There are currently 15 Mountain View town homes/condos for sale,  down from 17 last week.

There are currently 27 pending sales of Mountain View single family homes,  the same as last week.

There are currently 49 pending sales of Mountain View Town homes/Condos, up from from 40 last week.

 

In April, 2013 there were 18 single family Mountain View homes sold ranging in price from $705,000 to $1,900,000.  The volume was the same and the low end is about the same as Feb and March, but the high end is significantly higher..

In April, 2013  there were 32 Mountain View Town Homes/Condos sold ranging in price from $305,000 to $1,210,000. There were almost twice as many sales in April as in March, which is good, but the lowest price condo sold 10% over the lowest price in March.

The inventory is not increasing. As soon as most homes and condos come on the market, they sell. This appears as if it is going to continue for a while.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Palo Alto Ca REal Estate Market Update 5/11/2013                     

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 29 single family Palo Alto homes for sale up from 26 last week.

There are currently 12 Palo Alto town homes/condos for sale, up from 8 last week.

There are currently 36 pending sales of Palo Alto single family homes, down from 41 last week.

There are currently 12 pending sales of Palo Alto Town homes/Condos, the same as last week.

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March.  The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 

The inventory is just slighly better than last week, for the second week in a row which is a good sign.  We have a long ways to go to get into the 40's by May which makes me believe my expectation of a significant increase in inventory in the late spring/early summer may not happen. If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

There are currently 23 single family Mountain View homes for sale, up from 13 last week.

 

There are currently 17 Mountain View town homes/condos for sale, the same as last week.

 

There are currently 23 pending sales of Mountain View single family homes,  up from 24 last week.

 

There are currently 40 pending sales of Mountain View Town homes/Condos, up from from 34 last week.

 

In April, 2013 there were 18 single family Mountain View homes sold ranging in price from $705,000 to $1,900,000.  The volume was the same and the low end is about the same as Feb and March, but the high end is significantly higher..

 

 

 

In April, 2013  there were 32 Mountain View Town Homes/Condos sold ranging in price from $305,000 to $1,210,000. There were almost twice as many sales in April as in March, which is good, but the lowest price condo sold 10% over the lowest price in March.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Palo Alto Ca Real Estate Market Update 5/5/2013 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 26 single family Palo Alto homes for sale up from 24 last week.

There are currently 8 Palo Alto town homes/condos for sale, up from 5 last week.

There are currently 41 pending sales of Palo Alto single family homes, down from 44 last week.

There are currently 12 pending sales of Palo Alto Town homes/Condos, up from 11 last week.

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March.  The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 


The inventory is just slighly better than last week.  We have a long ways to go to get into the 40's by May which makes me believe my expectation of an increase in inventory in the late spring/early summer may not happen. If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=135995326645

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 32 single family Santa Clara homes for sale, the same as last week.

There are currently 21 Santa Clara town homes/condos for sale, up from 18 last week.

  1. There are currently 62 pending sales of Santa Clara single family homes, up from 61 last week.

There are currently 41 pending sales of Santa Clara town homes/Condos, up from 35 last week.

In March of 2013 there were 42 single family Santa Clara homes sold, over twice the number in Feb.,  ranging in price from $465,000 to $1,250,000. This shows an increase in price range from Feb.

In March of 2013 there were 28 Santa Clara Town Homes/Condos sold, 30% more than in Feb.,  ranging in price from $200,000 to $793,000. This price range is not much different than in Feb.

 

These numbers are a little higher than last week with the pending sales higher showing continued activity. I still expect even more increase in inventory, but possibly not til late spring or early summer till we see a significant difference.  

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

There are currently 13 single family Mountain View homes for sale, down from 15 last week.

There are currently 17 Mountain View town homes/condos for sale, down from 19 last week.

There are currently 24 pending sales of Mountain View single family homes,  up from 23 last week.

There are currently 34 pending sales of Mountain View Town homes/Condos, up from from 27 last week.

In March, 2013 there were 18 single family Mountain View homes sold ranging in price from $675,000 to $1,195,000, about the same range as Feb.

In March, 2013  there were 29 Mountain View Town Homes/Condos sold ranging in price from $275,000 to $1,250,000.

 

These numbers are still low and worse than last week. I still expect a bigger increase in inventory, but possibly not til late spring or early summer til we see a significant difference. Palo Alto and Santa Clara both saw more sales in March than Feb., but not Mountain View. This is not a great sign, but I am still hopeful. 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 24 single family Palo Alto homes for sale down from 30 last week.

There are currently 5 Palo Alto town homes/condos for sale, down from 11 last week.

There are currently 44 pending sales of Palo Alto single family homes, down from 45 last week.

There are currently 11 pending sales of Palo Alto Town homes/Condos, up from 6 last week.

In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb.,  ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well.

In March of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb.,  ranging in price from $430,000 to $1,600,000. This is also a much broader price range than in Feb. 


The inventory has tanked in both single family homes and condos.  We have a long ways to go to get into the 40's by May which makes me belive my expectation of an increase in inventory in the late spring/early summer may not happen. If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 32 single family Santa Clara homes for sale, down from 36 last week.

There are currently 18 Santa Clara town homes/condos for sale, down from 19 last week.

There are currently 61 pending sales of Santa Clara single family homes, up from 56 last week.

There are currently 35 pending sales of Santa Clara town homes/Condos, up from 33 last week.

In March of 2013 there were 42 single family Santa Clara homes sold, over twice the number in Feb.,  ranging in price from $465,000 to $1,250,000. This shows an increase in price range from Feb.

In March of 2013 there were 28 Santa Clara Town Homes/Condos sold, 30% more than in Feb.,  ranging in price from $200,000 to $793,000. This price range is not much different than in Feb.

 

These numbers are lower than last week but the pending sales are higher showing continued activity. I still expect even more increase in inventory, but possibly not til late spring or early summer till we see a significant difference.  

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

There are currently 15 single family Mountain View homes for sale, up from 13 last week.

There are currently 19 Mountain View town homes/condos for sale, up from 14 last week.

There are currently 23 pending sales of Mountain View single family homes,  the same as last week.

There are currently 27 pending sales of Mountain View Town homes/Condos, up from from 27 last week.

In March, 2013 there were 18 single family Mountain View homes sold ranging in price from $675,000 to $1,195,000, about the same range as Feb.

In March, 2013  there were 29 Mountain View Town Homes/Condos sold ranging in price from $275,000 to $1,250,000.

 

These numbers are still low but better than last week. I still expect a bigger increase in inventory, but possibly not til late spring or early summer til we see a significant difference. Palo Alto and Santa Clara both saw more sales in March than Feb., but not Mountain View. This is not a great sign, but I am still hopeful. 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 30 single family Palo Alto homes for sale down from 33 last week.

There are currently 11 Palo Alto town homes/condos for sale, up from 7 last week.

There are currently 45 pending sales of Palo Alto single family homes, up from 40 last week.

There are currently 6 pending sales of Palo Alto Town homes/Condos, the same as last week.

In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb.,  ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well.

In March of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb.,  ranging in price from $430,000 to $1,600,000. This is also a much broader price range than in Feb. 


This is a decrease in single family homes for sale since last week, but an increase in condos. We have a ways to go to get into the 40's by May which will make me correct in my expectation of an increase in inventory in the late spring/early summer.If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 36 single family Santa Clara homes for sale, up from 34 last week.

There are currently 19 Santa Clara town homes/condos for sale, up from 15 last week.

There are currently 53 pending sales of Santa Clara single family homes, up from 46 last week.

There are currently 33 pending sales of Santa Clara town homes/Condos, down from 37 last week.

In March of 2013 there were 42 single family Santa Clara homes sold, over twice the number in Feb.,  ranging in price from $465,000 to $1,250,000. This shows an increase in price range from Feb.

In March of 2013 there were 28 Santa Clara Town Homes/Condos sold, 30% more than in Feb.,  ranging in price from $200,000 to $793,000. This price range is not much different than in Feb.

 

These numbers are better than last week, but still low. I still expect even more increase in inventory, but possibly not til late spring or early summer till we see a significant difference. We only added another 2 homes and  4 condos this week. I was hoping for 10. Maybe next week.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

There are currently 12 single family Mountain View homes for sale, down from 14 last week.

There are currently 15 Mountain View town homes/condos for sale, down from 17 last week.

There are currently 23 pending sales of Mountain View single family homes,  up from 21 last week.

There are currently 26 pending sales of Mountain View Town homes/Condos, down from from 29 last week.

In March, 2013 there were 18 single family Mountain View homes sold ranging in price from $675,000 to $1,195,000, about the same range as Feb.

In March, 2013  there were 29 Mountain View Town Homes/Condos sold ranging in price from $275,000 to $1,250,000.

 

These numbers are still low and worse than last week. I still expect a bigger increase in inventory, but possibly not til late spring or early summer til we see a significant difference. Palo Alto and Santa Clara both saw more sales in March than Feb., but not Mountain View. This is not a great sign, but I am still hopeful. 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 33 single family Palo Alto homes for sale up from 27 last week.

There are currently 7 Palo Alto town homes/condos for sale, up from 5 last week.

There are currently 40 pending sales of Palo Alto single family homes, down from 41 last week.

There are currently 6 pending sales of Palo Alto Town homes/Condos, down from 7 last week.

In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb.,  ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well.

In March of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb.,  ranging in price from $430,000 to $1,600,000. This is also a much broader price range than in Feb. 


This is a nice increase in single family homes for sale since last week. Last week I said if we can get in the 30's next week I would be happy. I am. Now if we can get into the 40's by May I will be correct in my expectation of an increase in inventory in the late spring/early summer.If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Palo Alto Home For Sale

When buying or selling a home in Palo Alto many people are advised by their agents to purchase a home protection plan. These plans are insurance policies against breakage of many systems and fixtures in the home. The executive summary is if something breaks during the term of the policy, (one year which can be renewed) you can call the insurance company and they will send an independent contractor out to fix or replace the broken item. The owner just pays a $50-$60 fee for the service, and all other expenses for that item are covered. Sound great right?

Well, there can be some problems. The most common one happens if the person who purchased the plan did not get the code upgrade. This is essential, and if you do not purchase it and your home (like almost all homes in Palo Alot is more than 15 years old) then the plan becomes almost useless. Building codes change all the time, so you must get a policy that pays for the the repair to include upgrading to current code or the contractor will not make the repair. For example, if your water heater breaks, and the installation of a new one requires a code upgrades like on a higher platform or with more ventilation, the contractor will not install a new water heater because they will not perform work that is not up to code. The owner would have to pay for the upgraded installation and the insurance company would pay the cost of the new water heater, which is only a small portion of the total charge. If you buy a code upgrade the entire replacement would be covered.

However, sometimes your new Palo Alto home will have problems when you first move in. This is not that common, but it happens. If something breaks when you first move into your Palo Alto home and you call the home warranty company, the contractor may say it is a pre existing condition and want you to pay. This just happened to one of my clients and I was able to solve the problem.

My client just bought a Palo Alto condo and right after moving in one of the shower heads stopped getting water from the spigot. There was a property inspection done by the seller which stated that all the plumbing fixtures were in working order. We did a final walk through and tested all the shower heads and they were all working. I purchased a home warranty plan from Fidelity which I have found to be the most responsive company. My client called the insurance company, they sent out a plumber who said this is pre-existing and she had to pay for it. I called my service rep at fidelity, Michelle Bolgna, and she had me send her the property inspection. The plumber was over ruled, and they paid for the repair.

Since most homes in Palo Alto right now are being sold with no contingencies after the seller has ordered and paid for the inspections getting a home protection plan is even more important than ever. The buyer does not have to prove they did their own inspection, just that there was an inspection. That way, if there is a needed repair shortly after moving into a new home in Palo Alto, as long as the repair is in the contract and the home inspection did not find it broken, you can get it covered.

 

 

When Selling a Mountain View Condo You Can Never Have Too Many Flowers

04/09/2013

 

When selling a condo in Mountain View I don't believe there is such a thing as too many fresh flowers, especially in the spring time. I will concede that it is probably better not to have the home look like a funeral parlor, but short of that, nothing makes a Mountain View condo for sale more appealing than fresh flowers.

Home buying may be the biggest financial investment a person makes in his/her lifetime, but it is still ultimately an emotional decision. Walnut floors and quartz counter tops may be on a buyer's wish list, but the impact of coming into a home with fresh flowers is as the saying goes, "Like a breath of fresh air." Flowers never fail to give the buyer that over joyed feeling so important for a first impression. There is a reason that people give flowers on Valentine's day. They say, LOVE. And don't you want buyers to love the Mountain View condo you are selling?

Now that it is spring there is no reason not to use fresh flowers in every room of the Mountain View you are selling. Trader Joes has them at ridiculously inexpensive prices. The Mountain View Farmert's Market have a gorgeous selection of the finest locally grown flowers. Even Costco has a fabulous selection of fresh cut flowers for your Mountain View.

So, tell your home stager who brings in pretty, but not emotionally charged silk flowers, thanks, but no thanks. Only fresh flowers are good enough for the Mountain View condo you are selling.

 

Mountain View Ca Real Estate Market Update 4/7/2013

There are currently 14 single family Mountain View homes for sale, up from 13 last week.

There are currently 17 Mountain View town homes/condos for sale, up from 8 last week.

There are currently 21 pending sales of Mountain View single family homes, down from 22 last week.

There are currently 29 pending sales of Mountain View Town homes/Condos, down from from 31 last week.

In March, 2013 there were 18 single family Mountain View homes sold ranging in price from $675,000 to $1,195,000, about the same range as Feb.

In March, 2013 there were 29 Mountain View Town Homes/Condos sold ranging in price from $275,000 to $1,250,000.

 

These numbers are still low, but condo listings are over twice last week when it was Easter/Passover. I still expect a bigger increase in inventory, but possibly not til late spring or early summer till we see a significant difference. Palo Alto and Santa Clara both saw more sales in March than Feb., but not Mountain View. This is not a great sign, but I am still hopeful.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Santa Clara, Ca Real Estate Market Update 4/7/2013

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 34 single family Santa Clara homes for sale, up from 25 last week.

There are currently 15 Santa Clara town homes/condos for sale, up from 6 last week.

There are currently 46 pending sales of Santa Clara single family homes, down from 49 last week.

There are currently 37 pending sales of Santa Clara town homes/Condos, down from 39 last week.

In March of 2013 there were 42 single family Santa Clara homes sold, over twice the number in Feb., ranging in price from $465,000 to $1,250,000. This shows an increase in price range from Feb.

In March of 2013 there were 28 Santa Clara Town Homes/Condos sold, 30% more than in Feb., ranging in price from $200,000 to $793,000. This price range is not much different than in Feb.

 

These numbers are much better than last week, but it was Easter/Passover, so it is not a surprise. I still expect even more increase in inventory, but possibly not till late spring or early summer till we see a significant difference. If we can add another 10 homes and condos next week I will be very happy.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Palo Alto Real Estate Market Update 4/7/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 27 single family Palo Alto homes for sale up from 16 last week.

There are currently 5 Palo Alto town homes/condos for sale, up from 4 last week.

There are currently 41 pending sales of Palo Alto single family homes, down from 42 last week.

There are currently 7 pending sales of Palo Alto Town homes/Condos, down from 8 last week.

In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb., ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well.

In Feb of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb., ranging in price from $430,000 to $1,600,000. This is also a much broader price range than in Feb.

 

This is a nice increase in single family homes for sale since last week. Some of the increase is due to a hold off in listing because of Easter/Passover. If we can get in the 30's next week I will be happy. I still expect an increase in inventory, but possibly not til late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

When Selling a Palo Alto Home You Can Never Have Too Many Flowers

04/05/2013

 

When selling a home in Palo Alto I don't believe there is such a thing as too many fresh flowers, especially in the spring time. I will concede that it is probably better not to have the home look like a funeral parlor, but short of that, nothing makes a Palo Alto home for sale more appealing than fresh flowers.

Home buying may be the biggest financial investment a person makes in his/her lifetime, but it is still ultimately an emotional decision. Walnut floors and quartz counter tops may be on a buyer's wish list, but the impact of coming into a home with fresh flowers is as the saying goes, "Like a breath of fresh air." Flowers never fail to give the buyer that over joyed feeling so important for a first impression. There is a reason that people give flowers on Valentine's day. They say, LOVE. And don't you want buyers to love the Palo Alto home you are selling?

Now that it is spring there is no reason not to use fresh flowers in every room of the Palo Alto home you are selling. Trader Joes has them at ridiculously inexpensive prices. The California Ave Farmert's Market and Downtown Farmers Market have a gorgeous selection of the finest locally grown flowers. Even Costco has a fabulous selection of fresh cut flowers for your Palo Alto home.

So, tell your home stager who brings in pretty, but not emotionally charged silk flowers, thanks, but no thanks. Only fresh flowers are good enough for the Palo Alto home you are selling.

 

 

Mountain View Ca Real Estate Market Update 4/1/2013

There are currently 13 single family Mountain View homes for sale, down from 17 last week.

There are currently 8 Mountain View town homes/condos for sale, up from 5 last week.

There are currently 22 pending sales of Mountain View single family homes, down from 26 last week.

There are currently 32 pending sales of Mountain View Town homes/Condos, down from from 35 last week.

In March, 2013 there were 18 single family Mountain View homes sold ranging in price from $675,000 to $1,195,000, about the same range as Feb.

In March, 2013 there were 29 Mountain View Town Homes/Condos sold ranging in price from $275,000 to $1,250,000.

 

These numbers are still low, but it was Easter/Passover so that is to be expected. I still expect an increase in inventory, but possibly not til late spring or early summer till we see a significant difference. Palo Alto and Santa Clara both saw more sales in March than Feb., but not Mountain View. this is not a great sign, but I am still hopeful.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Santa clara Ca. Real Estate Market Update 4/1/2013

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 25 single family Santa Clara homes for sale, down from 26 last week.

There are currently 6 Santa Clara town homes/condos for sale, down from 8 last week.

There are currently 49 pending sales of Santa Clara single family homes, down from 51 last week.

There are currently 39 pending sales of Santa Clara town homes/Condos, the same as last week.

In March of 2013 there were 42 single family Santa Clara homes sold, over twice the number in Feb., ranging in price from $465,000 to $1,250,000. This shows an increase in price range from Feb.

In March of 2013 there were 28 Santa Clara Town Homes/Condos sold, 30% more than in Feb., ranging in price from $200,000 to $793,000. This price range is not much different than in Feb.

 

These numbers are still low, and even lower than last week, but it was Easter/Passover, so it is not a surprise. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference. What is encouraging is that the number of sales has gone up dramatically, despite low weekly inventory. This is an indication that there are more homes coming to market, just selling faster.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Palo Alto Ca Real Estate Market Update 4/1/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 16 single family Palo Alto homes for sale down from 24 last week.

There are currently 4 Palo Alto town homes/condos for sale, down from 5 last week.

There are currently 42 pending sales of Palo Alto single family homes, up from 35 last week.

There are currently 8 pending sales of Palo Alto Town homes/Condos, the same as last week.

In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb., ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well.

In Feb of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb., ranging in price from $430,000 to $1,600,000. This is also a much broader price range than in Feb.

 

These numbers are very low, but it was Easter/Passover, so I am not surprised. Let's hope this trend goes up. I still expect an increase in inventory, but possibly not til late spring or early summer till we see a significant difference. What I think is significant is that even though the week;y inventory remains low, the total sales have increased dramatically which means more homes are coming on the market, they are just selling faster.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Santa Clara Ca REal Estate Market Update 3/24/2013

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 26 single family Santa Clara homes for sale, down from 31 last week.

There are currently 8 Santa Clara town homes/condos for sale, down from 11 last week.

There are currently 51 pending sales of Santa Clara single family homes, up from 44 last week.

There are currently 39 pending sales of Santa Clara town homes/Condos, the same as last week.

In Feb. of 2013 there were 20 single family Santa Clara homes sold ranging in price from $399,000 to $1,155,000.

In Feb of 2013 there were 19 Santa Clara Town Homes/Condos sold ranging in price from $265,000 to $833,000

 

These numbers are still low, and even lower than last week. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Mountain View Ca Real Estate Market Report 3/24/2013

There are currently 17 single family Mountain View homes for sale, up from 13 last week.

There are currently 5 Mountain View town homes/condos for sale, down from 8 last week.

There are currently 26 pending sales of Mountain View single family homes, the same as last week.

There are currently 35 pending sales of Mountain View Town homes/Condos, up from 34 last week.

As of Feb 24, 2013 there were 23 single family Mountain View homes sold ranging in price from $685,000 to $2,165,000.

As of Feb 24, 2013 of 2013 there were 32 Mountain View Town Homes/Condos sold ranging in price from $250,000 to $1,075,000.

 

These numbers are still low, with more single family homes and fewer condos for sale than last week. I still expect an increase in inventory, but possibly not til late spring or early summer til we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Palo Alto Real Estate Market 3/24/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 24 single family Palo Alto homes for sale down from 26 last week.

There are currently 5 Palo Alto town homes/condos for sale, the same as last week.

There are currently 35 pending sales of Palo Alto single family homes, up from 32 last week.

There are currently 8 pending sales of Palo Alto Town homes/Condos, down from 11 last week.

In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.

In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan.

 

These numbers are still low, and not any better numbers of single family homes for sale than last week. Let's hope this trend goes up. I still expect an increase in inventory, but possibly not til late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 31 single family Santa Clara homes for sale, up from 27 last week.

There are currently 11 Santa Clara town homes/condos for sale, down from 12 last week.

There are currently 44 pending sales of Santa Clara single family homes, down from 46 last week.

There are currently 39 pending sales of Santa Clara town homes/Condos, down from 43 last week.

In Feb. of 2013 there were 20 single family Santa Clara homes sold ranging in price from $399,000 to $1,155,000.

In Feb of 2013 there were 19 Santa Clara Town Homes/Condos sold ranging in price from $265,000 to $833,000

 

These numbers are still low, but a little better than last week. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

As a Mountain View Real Estate Agent I am always being asked, "How's the market in Mountain View?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 13 single family Mountain View homes for sale, down from 14 last week.

There are currently 10 Mountain View town homes/condos for saledown from 14 last week.

There are currently 26 pending sales of Mountain View single family homes, up from 23 last week.

There are currently 34 pending sales of Mountain View Town homes/Condos, up from 31 last week.

As of Feb 24, 2013 there were 23 single family Mountain View homes sold ranging in price from $685,000 to $2,165,000.

As of Feb 24, 2013  of 2013 there were 33 Mountain View Town Homes/Condos sold ranging in price from $250,000 to $1,075,000.

 

These numbers are still low, and a little worse than last week. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Not enough inventory, plenty of buyers.

There are currently 26 single family Palo Alto homes for sale up from 18 last week.

There are currently 5 Palo Alto town homes/condos for sale, down from 5 last week.

There are currently 32 pending sales of Palo Alto single family homes, up from 31 last week.

There are currently 11 pending sales of Palo Alto Town homes/Condos, the same as last week.

In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.

In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan. 

 

These numbers are still low, but better numbers of single family homes for sale than last week. Let's hope this trend continues. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

When Selling a Palo Alto Home Bring the Cleaners In Before You Close

03/13/2013

 

Are you selling a home in Palo Alto? If so you may take a look at the market conditions and think, I don't have to be nice to the buyers, they should be grateful I am letting them buy my house. This would be a reasonable conclusion considering that so many homes have multiple offers and most buyers are paying 10-20%+ over list price with no contingencies. Seems like a Palo Alto seller's paradise right? Not so fast.

Yes, there are more buyers than sellers in Palo Alto right now. Yes, it seems like sellers are in total control; but we have been down this path before. Buyers will get caught up in the emotions of so much competition to get a home. They will make all kinds of offers that are fraught with risks for the buyer. Before escrow closes on the Palo Alto house you are selling the buyer may be grateful, but once they own the home things can change.

Buyers of all homes can never know all of the things that are wrong, or that will go wrong. As long as the market is appreciating they may not be bothered by a water heater that leaks or a heater that makes noise. But if the home does not keep appreciating the good will may start to diminish. If you add to that a buyer who feels as if he/she was bullied by the seller there is a recipe for problems, ranging from annoying calls and messages to a law suit.

There is no way to completely eliminate the possibility of being sued by a buyer, but there are some things you can do to minimize this unfortunate circumstance. There is the obvious one of disclosing everything. Don't hide material facts from buyers.

However, there are additional things you can do to make a buyer feel as if the transaction was a win for both sides. One of the easiest things you can do when selling your Palo Alto home is remove all personal property and trash from the home, and bring in a cleaner. Even if you had the Palo Alto home you are selling professionally cleaned when you put it on the market, do it again after you leave. When the buyer comes into a home that they have just paid hundreds of thousands of dollars more than they were expecting, and often more than the home will appraise for, don't you think they at least deserve to have a clean home when they move in? It may not seem like a big deal, but the feeling the buyer gets when they come into a clean empty home is priceless.

Trust me, the buyer will feel so much better about a Palo Alto seller who leaves them with a clean, fresh smelling home with no trash, than a Palo Alto seller who leaves a dirty home with trash still in the garbage or even worse all over the house or garage. So when you sell your Palo Alto home, take the outrageous price with no contingencies, but do something nice for the buyer. End the transaction with everyone feeling good and hopefully it will be the end, and not just the beginning a bad relationship.

 

 

03/11/2013

If you are selling a condo in Santa Clara in the next few months you will probably have a lot of activity with many buyers interested in the Santa Clara Condo you are selling. In order to get the best price and terms for your Santa Clara condo you should make it look as good as possible.

 

If the carpets in Santa Clara condo you are selling are in bad condition or smell, you will probably get a better offer if you change the carpet. Nothing turns off buyers more than dirty smelly floors. Many condos do allow laminate flooring if the condo has anyone below, so if that is the case with the Santa Clara condo you are selling then you should replace the carpet. If you are allowed to have a laminate floor, I would highly recommend it. Buyers love laminate/wood floors and they are worth more than the cost to install if you are allowed.

 

Selling a santa clara condo

 

If you need to stick with carpet because of either HOA rules or costs, then you are left with the decision about what type of carpet and what color.  In my experience the color of the carpet in the Santa Clara condo you are selling is much more important than the type of carpet. I would recommend that you go with a darker carpet and lighter paint on the walls. However, you could also consider a lighter carpet with a few walls that are darker for accents for the Santa Clara condo you are selling

 

Short pile patterned carpets are very popular right now and give a more modern look, but if cost is a factor when selling your Santa Clara condo you can go with an inexpensive plush carpet in the right color.

 

So remember when you are selling a Santa Clara condo don't put it on the market with a dirty smelly carpet. If you can put in laminate that is ideal. If not get a new carpet that is darker with light painted walls, or lighter if there are some darker walls for accent.

 

Mountain View Ca Real Estate Market Update 3/10/2013 

03/10/2013

As a Mountain View Real Estate Agent I am always being asked, "How's the market in Mountain View?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 14 single family Mountain View homes for sale, down from 16 last week.

There are currently 14 Mountain View town homes/condos for saledown from 15 last week.

There are currently 23 pending sales of Mountain View single family homes, up from 18 last week.

There are currently 31 pending sales of Mountain View Town homes/Condos, down from 29 last week.

As of Feb 24, 2013 there were 23 single family Mountain View homes sold ranging in price from $685,000 to $2,165,000.

As of Feb 24, 2013  of 2013 there were 33 Mountain View Town Homes/Condos sold ranging in price from $250,000 to $1,075,000.

 

These numbers are still low, and a little worse than last week. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

03/10/2013 

 

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

 

Not enough inventory, plenty of buyers.

 

There are currently 27 single family Santa Clara homes for sale, up from 24 last week.

 

There are currently 12 Santa Clara town homes/condos for sale, down from 14 last week.

 

There are currently 46 pending sales of Santa Clara single family homes.

 

There are currently 43 pending sales of Santa Clara town homes/Condos, up from 38 last week.

 

In Feb. of 2013 there were 20 single family Santa Clara homes sold ranging in price from $399,000 to $1,155,000.

 

In Feb of 2013 there were 19 Santa Clara Town Homes/Condos sold ranging in price from $265,000 to $833,000

 

 

 

These numbers are still low, but a little better than last week. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

 

Palo Alto Ca Real Estate Market Update 3/10/2013

03/10/2013

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 18 single family Palo Alto homes for sale down from 28 last week.

There are currently 8 Palo Alto town homes/condos for sale, the same as last week.

There are currently 31 pending sales of Palo Alto single family homes, up from 23 last week.

There are currently 11 pending sales of Palo Alto Town homes/Condos, up from 10 last week.

In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.

In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan. 

 

These numbers are still low, with even fewer single family homes for sale than last week, so reversing the trend of 2 weeks in a row of small improvement. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

How To Choose A Mountain View Real Estate Agent To You Sell A Condo

03/06/2013

If you need to, or want to sell your condo in Mountain View you should hire a Mountain View Real Estate Agent. Yes, you could probably put a piece of cardboard on your front lawn saying "For Sale" and get 10 offers, but this is a complicated transaction, and finding a buyer is just one part of a very large undertaking.

 

So I will make the assumption that you have already decided it is in your best financial and peace of mind interest to hire a Mountain View Real Estate Agent and will give you some ideas on what you should consider.

 

Mountain View has no shortage of good Real Estate Agents, so you have plenty from which to choose. I always say that being in a relationship with a Mountain View Real Estate Agent is like being married, just for a shorter period of time than most marriages. (Brittney Spears' 1st marriage excluded here) You really need to love your MountainView Real Estate Agent, and even more important: YOU NEED TO TRUST YOUR REALTOR. Trust is important, because you will be listening to advice that has huge financial and legal implications. Pick someone who you feel can be discrete with your financial information, and who you believe is knowledgeable about your home, the market, local schools and activities, the contract process, the home preparation process, inspections, and any other aspect of Your home that may be unique to Your circumstances.

 

You also need to like your Mountain View Real Estate agent because you will be spending a lot of time together. This person should be someone who does not get on your nerves, because little annoyances can seem bigger in stressful situations. If you do not like idle conversation and the Mountain View Real Estate Agent you are considering is a non stop talker, walk away. This will drive you crazy! If your animals are important to you and the Mountain View Real Estate Agent you are considering is afraid of dogs, walk away. Selling a home with pets can be tricky and you need someone who understands both sides of the equation and can deal with your animals.

 

It is very important that you can communicate with the Mountain View Real Estate Agent you are going to choose. By communicate, I don't mean express your innermost feelings. I mean physically communicate. Do you want personal contact with your Mountain View Real Estate Agent on all aspects of the sale, or do you prefer a team approach with multiple people participating in the process? If you are completely commuter illiterate make sure your Mountain View Real Estate Agent is easy to reach by phone and not just by text or e-mail. If you do not like phone communication make sure your agent is available by text or email or Facebook or instant messaging.

 

Does the Mountain View Real Estate Agent who you are considering like your home? Can they appreciate the good qualities which can be highlighted to the potential buyer? Do they have suggestions on how to make the negatives of the property less of an issue? Does she believe that the HOA rules make the community a better place to live, or that the higher than normal HOA fees mean stronger financial health for the commmunity and less chance of large special assessment? If she brings that up it is a plus. If you have to explain it, maybe you should keep looking.

 

Are you a gambler? Different agents have different philosophies about pricing a home. Some want to price a home as low as possible to generate as many offers as possible so you have more choices and could possibly get a higher price than if you list higher. Some like to list high and see if you can achieve that number. Some like to list at what they feel is market price and then let the market decide if it is priced high, low, or just right. Ultimately it is your decision as to what the list price is going to be. Is your potential Mountain View Real Estate Agent ok with that or do they want to make the decision. Are you ok with leaving that decision up to the agent?

 

When choosing a Mountain View Real Estate Agent to sell your condo in Mountain View there are many things to consider. You can get recomendations from friends, check out blogs and reviews on line, or look at ads in local papers; but the intimacy of this relationship calls for more. It is probably better to look deeper, and see if the person you are considering has the qualities most important to you to get your house sold with as little stress as possible as well as for as much money as possible.

 

 

 

When Selling a Santa Clara Condo Which Contingency is Riskier?

03/04/2013

If you are a Santa Clara condo seller which do you think is riskier for you, not the buyer, taking an offer with a loan contingency, or taking an offer for your Santa Clara condo for sale with an inspection contingency?

This question pre supposed several givens:

1. You have multiple offers from which to choose

2. The buyer has been fully pre-approved by a direct lender, is from this country or has the legal status necessary to obtain a loan, and did not ask for an appraisal contingency.

3. You have done all of the inspections on your Santa Clara condo before the sale including property, termite, roof, chimney, and have all of the HOA documents.

So assuming all of the above conditions have been met, and you have several offers which are around the same price, which would you prefer?

As a Santa Clara Estate Agent my choice is different than what you may think.

I think it is riskier for a seller to take an offer for the home being sold in Santa Clara from a buyer with no loan contingency, but a property/disclosure contingency.

Here is my thinking/experience:

1. Most buyers in this market have ample income and assets to get a loan. As long as there is a strong pre-approval letter a loan contingency should not be a problem. If you have a strong buyer and one bank has a problem with the loan, there is most likely another bank who will do it. With a loan contingency there is only one reason to get out of the contract, and that is the buyer just can not get a loan.

2. A property/disclosure contingency is open ended. The buyer can use any excuse about the property, neighborhood, schools, city government, they want if they want to get out of the contract to buy a Santa Clara condo for sale. Also, things can come up on the buyer's inspections that could ultimately cost money if they say they will not buy the house if you don't fix, replace, or do something expensive to the Santa Clara condofor sale.

I believe if you have to choose between an offer for the Santa Clara condo you are selling with a loan contingnecy, and one with a property contingency, the loan contingency is generally the less risky of the two contingencies.

 Re-blogged 0 times

 

Palo Alto Ca Real Estate Market Update 3/2/2013

03/02/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 28 single family Palo Alto homes for sale up from 26 last week.

There are currently 8 Palo Alto town homes/condos for sale, up from 7 last week.

There are currently 23 pending sales of Palo Alto single family homes, up from 19 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos, up from 9 last week.

In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.

In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan.

 

These numbers are still low, but a little better than last week, so 2 weeks in a row of samll improvement. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Palo Alto Ca Real Estate Market Update 3/2/2013

03/02/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 28 single family Palo Alto homes for sale up from 26 last week.

There are currently 8 Palo Alto town homes/condos for sale, up from 7 last week.

There are currently 23 pending sales of Palo Alto single family homes, up from 19 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos, up from 9 last week.

In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.

In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan.

 

These numbers are still low, but a little better than last week, so 2 weeks in a row of samll improvement. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Santa Clara Ca Market Update 3/2/2013

03/02/2013

As a Santa Clara Real Estate Agent I am always being asked, "How's the market in Santa Clara?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 24 single family Santa Clara homes for sale.

There are currently 14 Santa Clara town homes/condos for sale.

There are currently 14 pending sales of Santa Clara single family homes.

There are currently 38 pending sales of Santa Clara town homes/Condos.

In Feb. of 2013 there were 20 single family Santa Clara homes sold ranging in price from $399,000 to $1,155,000.

In Feb of 2013 there were 19 Santa Clara Town Homes/Condos sold ranging in price from $265,000 to $833,000

 

These numbers are still low, but a little better than last week. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

03/02/2013

As a Mountain View Real Estate Agent I am always being asked, "How's the market in Mountain View?" The answer is simple:

 

Not enough inventory, plenty of buyers. 

 

There are currently 16 single family Mountain View homes for saleup from 13 last week. 

There are currently 15 Mountain View town homes/condos for saledown from 16 last week.

There are currently 18 pending sales of Mountain View single family homesdown from 21 last week.

There are currently 29 pending sales of Mountain View Town homes/Condosup from 27 last week.

As of Feb 24, 2013 there were 23 single family Mountain View homes sold ranging in price from $685,000 to $2,165,000.

As of Feb 24, 2013  of 2013 there were 33 Mountain View Town Homes/Condos sold ranging in price from $250,000 to $1,075,000.

 

These numbers are still low, but a little better than last week. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

 

If you would like to search for homes for sale please feel free to visit my website for a custom search.

 

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

02/28/2013

If you are a Mountain View condo seller which do you think is riskier for you, not the buyer, taking an offer with a loan contingency, or taking an offer for your Mountain View condo for sale with an inspection contingency?

This question pre supposed several givens:

1. You have multiple offers from which to choose

2. The buyer has been fully pre-approved by a direct lender, is from this country or has the legal status necessary to obtain a loan, and did not ask for an appraisal contingency.

3. You have done all of the inspections on your Mountain View condo before the sale including property, termite, roof, chimney, and have all of the HOA documents.

So assuming all of the above conditions have been met, and you have several offers which are around the same price, which would you prefer?

As a Mountain View Real Estate Agent my choice is different than what you may think.

I think it is riskier for a seller to take an offer for the home being sold in Mountain View from a buyer with no loan contingency, but a property/disclosure contingency.

Here is my thinking/experience:

1. Most buyers in this market have ample income and assets to get a loan. As long as there is a strong pre-approval letter a loan contingency should not be a problem. If you have a strong buyer and one bank has a problem with the loan, there is most likely another bank who will do it. With a loan contingency there is only one reason to get out of the contract, and that is the buyer just can not get a loan.

2. A property/disclosure contingency is open ended. The buyer can use any excuse about the property, neighborhood, schools, city government, they want if they want to get out of the contract to buy a Mountain View condo for sale. Also, things can come up on the buyer's inspections that could ultimately cost money if they say they will not buy the house if you don't fix, replace, or do something expensive to the Mountain View condo for sale.

I believe if you have to choose between an offer for the Mountain View condo you are selling with a loan contingnecy, and one with a property contingency, the loan contingency is generally the less risky of the two contingencies.

 

02/27/2013

As a Mountain View Real Estate Agent I am always being asked, "How's the market in Mountain View?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 13 single family Mountain View homes for sale

There are currently 16 Mountain View town homes/condos for sale.

There are currently 21 pending sales of Mountain View single family homes.

There are currently 27 pending sales of Mountain View Town homes/Condos.

As of Feb 24, 2013 there were 23 single family Mountain View homes sold ranging in price from $685,000 to $2,165,000.

As of Feb 24, 2013  of 2013 there were 33 Mountain View Town Homes/Condos sold ranging in price from $250,000 to $1,075,000.

 

These numbers are still low, but a little better than last week. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

Palo Alto Real Estate Market Update Feb 23,2013

02/23/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 26 single family Palo Alto homes for sale up from 24 last week.

There are currently 7 Palo Alto town homes/condos for sale, the same number as last week.

There are currently 19 pending sales of Palo Alto single family homes, up from 14 last week.

There are currently 9 pending sales of Palo Alto Town homes/Condos, the same as last week.

In Jan of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,999,000 to $6,500,000.

In Jan of 2013 there were 7 Palo Alto Town Homes/Condos sold ranging in price from $500,000 to $938,000

 

These numbers are still low, but a little better than last week. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

If you would like tosearch for homes for saleplease feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454 

 

Palo Alto Real Estate Market Update Feb 17, 2013

02/17/2013

 

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 24 single family Palo Alto homes for sale down from 25 last week.

There are currently 7 Palo Alto town homes/condos for sale, down from 8 last week.

There are currently 14 pending sales of Palo Alto single family homes, the same as last week.

There are currently 9 pending sales of Palo Alto Town homes/Condos, up from 8 last week.

In Jan of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,999,000 to $6,500,000.

In Jan of 2013 there were 7 Palo Alto Town Homes/Condos sold ranging in price from $500,000 to $938,000

 

These numbers are low, but not really worse than last week. I am hoping they will be doubled by the end of February and triple by the end of March. I am an optimist. However, as this is a holiday week-end I expected a drop in inventory which did not happen so I will take that as good news.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454 

02/17/2013

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers.

 

There are currently 25 single family Palo Alto homes for sale up from 25 last week.

There are currently 8 Palo Alto town homes/condos for sale, the same number as last week.

There are currently 14 pending sales of Palo Alto single family homes, up from 12 last week.

There are currently 8 pending sales of Palo Alto Town homes/Condos, up from 6 last week.

In Jan of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,999,000 to $6,500,000.

In Jan of 2013 there were 7 Palo Alto Town Homes/Condos sold ranging in price from $500,000 to $938,000

 

These numbers are low, but better than last week. I am hoping they will be doubled by the end of February and triple by the end of March. I am an optimist. However, as this is a holiday week-end I expect a drop in inventory when I report next Monday and and increase the following week.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

 

 

Re-blogged 0 times

Palo Alto Sellers: Which is Riskier, A Loan Or Inspection Contingency?

02/17/2013

If you are a Palo Alto home seller which do you think is riskier for you, not the buyer, taking an offer with a loan contingency, or taking an offer for your Palo Alto home for sale with an inspection contingency?

This question pre supposed several givens:

1. You have multiple offers from which to choose

2. The buyer has been fully pre-approved by a direct lender, is from this country or has the legal status necessary to obtain a loan, and did not ask for an appraisal contingency.

3. You have done all of the inspections on your Palo Alto home before the sale including property, termite, roof, chimney, and foundation if appropriate.

So assuming all of the above conditions have been met, and you have several offers which are around the same price, which would you prefer?

As a Palo Alto Real Estate Agent my choice is different than what you may think.

I think it is riskier for a seller to take an offer for the home being sold in Palo Alto from a buyer with no loan contingency, but a property/disclosure contingency.

Here is my thinking/experience:

1. Most buyers in this market have ample income and assets to get a loan. As long as there is a strong pre-approval letter a loan contingency should not be a problem. If you have a strong buyer and one bank has a problem with the loan, there is most likely another bank who will do it. With a loan contingency there is only one reason to get out of the contract, and that is the buyer just can not get a loan.

2. A property/disclosure contingency is open ended. The buyer can use any excuse about the property, neighborhood, schools, city government, they want if they want to get out of the contract to buy a Palo Alto home for sale. Also, things can come up on the buyer's inspections that could ultimately cost money if they say they will not buy the house if you don't fix, replace, or do something expensive to the Palo Alto home for sale.

I believe if you have to choose between an offer for the Palo Alto home you are selling with a loan contingnecy, and one with a property contingency, the loan contingency is generally the less risky of the two contingencies.

Selling a home in Palo AltoThere is an easy answer to the question should the real estate agent for the Palo Alto Seller also represent the buyer?

NO NO NO NO NO NO NO NO NO NO NO!!!!!!!

Should I say it again? NO!!!!!

There are many reasons why Palo Alto real estate agents should not represent the Palo Alto buyer and Palo Alto seller from the Palo Alto real estate agent'sperspective, but this blog is about why is is not good for the seller.

Selling a home in Palo Alto is a big deal. There are very few on the market, right now only 25 single family Palo Alto homes are for sale. There are hundreds of people trying to buy a home in Palo Alto so each home that is for sale in Palo Alto will most likely get many offers, especially if it is listed for less than 2.5 million. While it is not illegal for a Palo Alto real estate agent to represent both the buyer and seller in a single transaction it is pretty impossible to be objective when there are 20 offers and your Palo Alto Real Estate agent is representing one of them. 

When you sell a home in Palo Alto your Palo Alto real estate agent should be able to guide and advise you as to which is the best offer, what is the best way to counter, or not counter, what are the pros and cons of each offer. If your Palo Alto real estate agent is also one of the buyer's agent, just how objective is that advice going to be? 

So, when you you are selling a home in Palo Alto make sure that your wishes about the Palo Alto real estate agent's representing or not representing a buyer are known up front. If you don't want it (which I hope you dont't,) get it in writing with the listing agreement.

 

 

When Selling a Home In Palo Alto Should You Counter Multiple Offers? 

02/09/2013

As a Palo Alto Real Estate Agent I am asked this question many time. When selling my home in Palo Alto should I give

multiple counters to the buyers who make offers?

In my opinion there is no right or wrong answer, but I can give you what I think are some common sense guidelines.

1. Where is the original list price? When you sell your home in Palo Alto your Palo Alto Real Estate Agent will give you an opinion as to where your home will sell. It will generally be a range between what he/she thinks the bottom and top are. It is just a guess, although most Palo Alto Real Estate agents will be able to give you an educated guess. If you decide to list the home at the top of that range, your decision to counter or multiple counter an offer may be different than if you list at the bottom of that range. You will have a better chance of getting a higher price with a counter or multiple counter if you have listed at the lower end of the range than at the higher.

2. Are there several offers that are all clumped together in price and/or terms? If you are selling a home in Palo Alto and the list price is $1,600,000 and the highest offer is $1,675,000, but there are a number of other offers between $1,665,000 and $1,674,000, with similar contingencies, or lack of contingencies, then as a Palo Alto Real Estate Agent I would advise you to counter all the offers in that price range. 

3. If the home you are selling in Palo Alto is listed at $1,600,000 and you have one offer at $1,7000,000 with terms that are acceptable, and all the other offers are $1,675,000 and below, I would advise taking the highest offer and working with that one. My rationale is "Dont get greedy." If only one person thought the home was worth $1,700,000 and you counter that person, he/she may walk away, leaving you with offers that my never even get to $1,700,000.

4. If the home you are selling in Palo Alto has a current market value of $1,600,000 at the top of the price range, and that is where you list it, I would advise that you take the best offer of $1,6000,000 or higher and be happy you got it. If the best offer is $1,610,000 and the other offers are in the $1,550,000 range, do not expect that the others will come up, just because one buyer did.

There is a real art to knowing when to counter, when to multiple counter, and when to accept. Hopefully you will have picked a Palo Alto real estate agent who is savy enough about these negotiations to help guide you through the process of selling your home in Palo and getting you the best price and terms for the home you are selling in Palo Alto.

 

Getting Palo Alto Real Estate Agents To Show The Home You Are Selling 

 

When you sell your home in Palo Alto one of the things you want to make sure of is that other Palo Alto Real Estate Agents will show your home. this is important because while many buyers will find your home on the internet, they will almost always be using a Palo Alto Real Estate Agent to help them make the offer, so you will want to make sure other Palo Alto Real Estate Agents enthusiastically want to show the Palo Alto home you are selling. The last thing you want is to have a Palo Alto Real Estate Agent bad mouthing the Palo Alto home you are selling.

 

Here are some simple steps you can take to keep everyone feeling your home is a great one to have their client try to buy.

Palo Alto Real Estate Agent

1. When you interview Palo Alto Real Estate Agents be gracious and smile, even if you can not stand the Palo Alto Real Estate agent in front of you. You may not hire this person, but he/she may end up having the buyer for your home, or know another agent who does.

 

2. Pick an agent who has a good reputation in the community and who never, or only rarely double ends a property. (represents the buyer and the seller on the same home) The reason for staying clear of agents who double end properties is because other agents will feel it is a waste of time to present and offer on a home when the listing agent will have the inside track on getting an offer accepted.

 

3. If you interview multiple Palo Alto real estate agents try to make the ones who you do not choose feel as if it is not their fault. Tell them you found someone you feel is a better fit for you, not that the agent is mean, incompetent, or smells bad.

 

4. When your Palo Alto Real Estate Agent has a broker's house for other agents make sure he/she has catered food, a drawing, or coffee cart to make other Palo Alto Real Estate Agents anxious to visit your home.

 

5. Your Palo Alto Real Estate Agent will put a disclosure package together to give to other agents who have interested clients. Make sure your agent has a way to get these to other Palo Alto Real Estate Agents easily. They should either email or have an online site where the disclosures can be accessed. It is annoying to have to pick up a disclosure package at your realtor's office, so verify that your agent can deal with this electronically.

 

6. Be nice to agents when they call. If you are still living in your Palo Alto home when it is for sale Palo Alto Real Estate Agents will call to let you know when they want to show your home to their client. Be nice and try to accommodate the schedule of the buyer. Obviously you do not need to let people in at 10 at night or 5 in the morning, but try to let them show on as short notice as possible.

 

This is not rocket science. If you want as many Palo Alto Real Estate Agents as possible to show your home and encourage their clients to make offers, be nice, let people come see your home as often as possible, and choose an agent with a good reputation in the real estate community.

 
 

How To Choose A Palo Alto Real Estate Agent to Help You Sell Your Home

01/24/2013

If you need to, or want to sell your home in Palo Alto you should hire a Palo Alto Real Estate Agent. Yes, you could probably put a piece of cardboard on your front lawn saying "For Sale" and get 10 offers, but this is a complicated transaction, and finding a buyer is just one part of a very large undertaking.

So I will make the assumption that you have already decided it is in your best financial and peace of mind interest to hire a Palo Alto Real Estate Agentand will give you some ideas on what you should consider.

Palo Alto has no shortage of good Real Estate Agents, so you have plenty from which to choose. I always say that being in a relationship with a Palo Alto Real Estate Agent is like being married, just for a shorter period of time than most marriages. (Brittney Spears' 1st marriage excluded here) You really need to love your Palo Alto Real Estate Agent, and even more important: YOU NEED TO TRUST YOUR REALTOR. Trust is important, because you will be listening to advice that has huge financial and legal implications. Pick someone who you feel can be discrete with your financial information, and who you believe is knowledgeable about your home, the market, local schools and activities, the contract process, the home preparation process, inspections, and any other aspect of Your home that may be unique to Your circumstances.

You also need to like your Palo Alto Real Estate agent because you will be spending a lot of time together. This person should be someone who does not get on your nerves, because little annoyances can seem bigger in stressful situations. If you do not like idle conversation and the Palo Alto Real Estate Agent you are considering is a non stop talker, walk away. This will drive you crazy! If your animals are important to you and the Palo Alto Real Estate Agent you are considering is afraid of dogs, walk away. Selling a home with pets can be tricky and you need someone who understands both sides of the equation and can deal with your animals.

Palo Alto REal Estate Agent

It is very important that you can communicate with the Palo Alto Real Estate Agent you are going to choose. By communicate, I don't mean express your innermost feelings. I mean physically communicate. Do you want personal contact with your Palo Alto Real Estate Agent on all aspects of the sale, or do you prefer a team approach with multiple people participating in the process? If you are completely commuter illiterate make sure your Palo Alto Real Estate Agentis easy to reach by phone and not just by text or e-mail. If you do not like phone communication make sure your agent is available by text or email or Facebook or instant messaging.

Does the Palo Alto Real Estate Agent who you are considering like your home? Can they appreciate the good qualities which can be highlighted to the potential buyer? Do they have suggestions on how to make the negatives of the property less of an issue. If you have an Eichler and the Palo Alto Real Estate Agent does not appreciate the clean lines, indoor outdoor living, and the hipness of mid century architecture right now; but instead emphasizes the lack of insulation he or she is not the right person. If you have a home built in 1908 and the Palo Alto Real Estate Agent you are considering gushes over the glass door knobs, gorgeous built ins, and high ceilings rather than the musty smell or drafty windows; then that person should get bonus points.

Are you a gambler? Different agents have different philosophies about pricing a home. Some want to price a home as low as possible to generate as many offers as possible so you have more choices and could possibly get a higher price than if you list higher. Some like to list high and see if you can achieve that number. Some like to list at what they feel is market price and then let the market decide if it is priced high, low, or just right. Ultimately it is your decision as to what the list price is going to be. Is your potential Palo Alto Real Estate Agent ok with that or do they want to make the decision. Are you ok with leaving that decision up to the agent?

When choosing a Palo Alto Real Estate Agent to sell your home in Palo Alto there are many things to consider. You can get recomendations from friends, check out blogs and reviews on line, or look at ads in local papers; but the intimacy of this relationship calls for more. It is probably better to look deeper, and see if the person you are considering has the qualities most important to you to get your house sold with as little stress as possible as well as for as much money as possible.

 

 

Window Coverings and Selling A Palo Alto Home: What Should You Do?

01/23/2013

When you sell your home in Palo Alto you want it to look as good as possible. Yes, if it is old and small it may be torn down; but chances are someone who wants to keep the house will also be interested in making an offer on your Palo Alto home. So, you want to make it as attractive as possible, while keeping it neutral. As a Palo Alto real estate agent I can assure you neutrality is important when selling a home in Palo Altobecause the potential buyer needs to be able to picture themselves and their furnishings in your house. This is much easier if you do not have something like thick velvet red curtains or broken plastic shades.

Selling a home in Palo Alto

There are two big potential problems with window coverings when you sell your Palo Alto home.

There are few things more specific and less neutral than window coverings.

Window coverings are designed to block out light and most buyers are looking for homes that have abundant natural lighting.

If you are a Palo Alto seller who happens to have Hunter Douglas shades that are gorgeous, modern, and add privacy while still letting in light, read no further. If you have wood or plantation shutters make sure to leave them open, the whole shutter and not just the slats open to let light in.

However, if you are like most people who are selling Palo Alto homes you should get rid of your window coverings. They are old, broken, ugly, dusty, or smelly. They may make it easier for you to sleep, or prevent people from looking in at you eating, but they will turn off potential buyers.

In the living spaces like your living room, family room, or dining room you do not need to have window coverings while you are selling your Palo Alto home. If you are still living in the home while it is for sale you can get something light and modern from Bed Bath and Beyond or Penny's for the bedrooms. Just get a neutral color curtain and keep them open during the days.

When selling your Palo Alto home the goal is to get as many people as possible into the house and allowing them to picture themselves living there. Since most buyers of Palo Alto homes want light then you should do as little as possible to prevent light from coming through the windows. Keep the window coverings light and neutral when you

sell your home in Palo Alto and you will have a more successful sale.

 

When Selling Your Palo Alto Home When Should You Have An Open House? 

01/17/2013 

 

When you sell your Palo Alto home your real estate agent will discuss with you when you should have open houses. This is an extremely important part of the Palo Alto home sale, so you must take this very seriously.

 

Most likely the first open for your Palo Alto house will be the Broker's Tour. This happens on Friday, and most of the homes that are being offered for sale in Palo Alto will be open for other real estate agents to see. Some may also bring potential buyers with them. This open house happens on Friday morning from 9:30-1. Many agents will offer an enticement for agents to come to the

open house such as a catered lunch, coffee cart, or gift certificate. When selling your home in Palo Alto this broker's tour is a great opportunity for agents to see your home, and let their clients know if it may suit their needs. It is customary for the Palo Alto sellernot to be home during the Broker's Open, so find a nice place to be that morning and allow the agents to give open feedback about your home, the price, and how it is prepared.

Selling a home in Palo Alto

When selling your home in Palo Alto the week-end is the next opportunity for an open house, this time for the public. I always recommend holding open houses on Saturday and Sunday for as many hours as possible in order to give as many buyers as possible a chance to see the Palo Alt home you are selling. The traditional hours are from 1:30-4:30

Sometimes agents will suggest additonal open houses, such as early evening opens during daylight savings hours. If the home you are selling in Palo Alto looks particularlly beautiful at night, an evening open house may be suggested.

When you sell your home in Palo Alto having as much time for exposure is really in your best interest. You want to get as many people in the house in as short a time frame as possible so your home can sell and your life can get back to normal.

However, you may be selling your home because of advancing age, decreasing mobility, or illness. if this is the case it may not be convenient for you to leave the house for open houses. If this is the case you may be able to get the benefits of an open house by staying home and confining yourself to just one room while people are coming through.

The purpose of an open house while selling your home in Palo Alto is to get as many people as possible in your home in as few hours as possible. So it is really in your best interest to agree to open houses, and help yourself get a quick sale.

 

If I Sell My Home In Palo Alto Can I Stay There Until School Is Out?

01/11/2013

In case you have not noticed this is an amazing time to sell your home in Palo Alto. However, if you have children who are still in school you may not want to disrupt their school year so you may be thinking of putting off selling yourPalo Alto home until school is out. This may not always be necessary.

There are dozens of people who just want to buy in Palo Alto. It does not matter to many of them if they have to wait a few months for possession because it could take many more months to get an offer for a Palo Alto home accepted.

Selling a Palo Alto Home

If you are selling your home in Palo Alto and you want to stay until school is out you need to tell your agent to explain to buyers that while you are able to close before June, the house will not be available for the new buyers until the end of June. You may

 have to pay the buyer rent for the time between the close of escrow and when you leave your Palo Alto home, but you may not. Some very motivated buyers may offer to let you live in the home for free in order to entice you to take their offer.

The only potential snag when you are selling your home in Palo Alto is that some lenders will not allow a rent back longer than 30-60 days so if your buyer is getting a loan you may need to adjust the close of escrow for those number of days. If you have a cash buyer this will not be an issue.

So if you want to take advantage of the unbelievably low number of homes for sale and Palo Alto, and the huge number of

 people looking for homes in Palo Alto then by all means, if you want to sell your Palo Alto home now, then do it. Just make sure everyone involved knows your wish to stay put for a few months, and it will be granted

 

When Selling A Palo Alto Home What Is The Purpose Of A Title Company? 

01/10/2013

 

When selling a Palo Alto home your real estate agent will suggest that you open an escrow account with a title company before you put your home on the market. Most agents have title companies they prefer to use and an escrow officer with

whom they like to work. For example I always choose Lee Kocjan with Fidelity National Title in San Carlos.

Most agents will have worked with a specific escrow officer so if you have someone you want to work with be sure and let your agent know.

 

When selling your home in Palo Alto title and escrow are handled by the same company even though title and escrow are two separate things.

 

The escrow officer will order a preliminary title report. This will confirm who has the right to sell the property, who has a lien on the property (your mortgage and property taxes, and possibly someone else), and will show any easements on the property.

All of these things should be reviewed before you put your Palo Alto home on the market to make sure you have plenty of time to deal with any issues that may show up on the title report. For example there may be a lien on there you know you have paid off, but for some reason did not get recorded. The escrow officer can help you with that. You will be purchasing title insurance to protect the buyer in case there are any future claims by anyone who says they have an interest in the Palo Alto home you are selling.

 

When selling your Palo Alto home the escrow account will be the place where all the monies are held before being dispersed after close of escrow. The buyer's deposit, down payment, and loan proceeds will be help in escrow until ready for disbursement. The escrow officer will figure out the prorations for taxes and paying off your liens before dispersing the money from selling your Palo Alto home.

 

After all monies are in escrow and both parties agree the title company will take the deed from the person selling the Palo Alto home to the county and record it in the name of the new buyer.

 

To summarize when selling your home in Palo Alto the title company makes sure the new buyer has clear title to the property and records the deed.  The escrow branch collects the money and then disperses it a close and makes sure

everyone who is owed money gets it, and then the seller of the Palo Alto home gets the rest.

 

When Selling A Palo Alto Home,Do I Need to Tell Buyers About The Area? 

01/06/2013

 

When you sell your home in Palo Alto do you need to tell potential buyers about Palo Alto? The answer is no you don't have to, but I think it is a good idea. 

 

Palo Alto is a wonderful place to live, and not just because the schools are so good. Many of today's buyers are trying to buy a home in Palo Alto because of the schools, but if they knew about some of the other wonderful aspects of Palo Alto they may be even more motivated to purchase your home.

 

When selling your Palo Alto home I would suggest that you leave information about some of our community treasures like the Palo Alto Children's Theatre, the California Ave and downtown Farmer's Market, the 4th of July Chilli Cook-Off, Stanford Theatre, Stanford Shopping Center, Theatre Works, soccer and t-ball teams, the Children's library, the Children's Zoo, local restaurants, or our incredible parks.

Selling A HOme in Palo Alto

Even if leaving this information for potential buyers does not change their offer, it may make them even happier about their

 decison to buy the Palo Alto home you are selling, and a happy buyer is the best kind.

 

So when you sell your home in Palo Alto in addition to the standard disclosures, I suggest you add some information about local events and institutions, along with API scores, to show the potential buyers they will be getting much more than just a home.

 

When Selling A Palo Alto Home What Is The True Lot Size To Disclose? 

1/05/2013

 

When selling your Palo Alto home you need to disclose everything you know, including the lot size. One would think that informing the potential buyers of your Palo Alto home how large the lot is would be easy, but in fact it can get a little tricky. Also the exact size can be very important to a potential buyer of the Palo Alto home you are selling for a variety of reasons.

 

1. The buyer may want to build a new home and the lot size determines the square footage of the new home to be built.

 

2. The buyer may want to expand your home and again an exact lot size is needed to know how much expansion is possible.

 

3. The buyer may want to put up an accessory building or sub divide a large lot and needs the exact lot size to know if it is possible.

 

The problem with disclosing the lot size when selling your Palo Alto home is that there is very often discrepancies between what the county says and what the city says is the lot size. When this happens, just disclose both. Ultimately the city's figure is what determines what can built so it is important for the buyer to get that number. 

Selling a home in Palo Alto

 

There are a few reasons why there may be a discrepency. These include:

 

1. Poor record keeping

 

2. A difference in where the line is drawn. For example, when the lots were divided on Colorado Ave they included up to the center

of the street for lot size. However, the city does not use that line when figuring buildable space and takes it back to the edge of the sidewalk.

 

There is a website you can go to to get the city records on lot size.

 

 

Go to this address and you can request a Parcel Report for any home in Palo Alto. 

 

http://www.cityofpaloalto.org/gov/depts/pln/parcel.asp

 

It will also give the buyer great information on set backs, how large the home can be, and the city drawings of lot lines and what structures are currently on the lot.

 

When selling a home in Palo Alto you do not need to get a survey or measure the lot yourself. Just get the county records and

the city Parcel Report, give those to potential buyers, and let them decide if the lot meets their requirements.

 

 

Should I Leave The Sound System On While Selling My Palo Alto Home 

1/03/2013

 

If you are selling a home in Palo Alto your real estate agent may suggest that while the home is available to show you should leave the sound system on with some genre of music playing. Should you?

 

The answer to this question is very personal. Personally I do not like showing a home where the stereo is playing, even when it is music I love (like Broadway songs) Unlikely staging, which helps a Palo Alto buyer imagine what the rooms are for, and how much furniture can fit in a room, music does not help me imagine anything except what is the noise like without the music?

Some buyers may love having soothing music and feel like it makes the home more homey and relaxing.

 

So here is your problem. If when selling your Palo Alto home some people like the music and some don't, and you play music,

you will turn some people off and make some people happy. The ones you turn off may not consider your home.

 

If you do not play music while selling your home in Palo Alto the people who do not like it will not be turned off, and the ones

who do like music will not know what they are missing.

 

Even more important when you are selling your home in Palo Alto, no one will think you are trying to cover up a noisy street, a freeway in the background, Cal Train whistles, or anything else that causes noise.

 

If you are selling a home in Palo Alto where noise is a problem, then the sound should be muted by something that is obvious, and that can be used by any potential buyer. If there is freeway noise put a water feature in the back yard. If there is street or train noise double pane your windows and install an air conditioner so that the windows do not have to be opened as much.

 

When selling a Palo Alto home having non stop music may be appealing to some buyers, can annoy others, and even worse

make buyers think that you are covering something up.. So save the Mozart or Rogers and Hammerstein for your own enjoyment.

 

 

Is This a Good Time To Sell Your Palo Alto Condo or Town Home? 

12/31/2012

 

Is this a good time to sell your  Palo Alto Condo or Town Home? The answer is YES YES YES YES YES!!!!!! I can not stress this enough. If you have a condo or town home in Palo Alto you are thinking of selling, don't hesitate! The market is screaming for you to get it done, now.

 

There are currently 5 town homes/condos on the market in Palo Alto. I did not forget a zero. 5. In a seller's market there would generally be 15 units for sale. In a buyer's market you need to have over 25 units for sale. 5 is so low there are no words to describe the market.

 

Apple and Google are growing like the plant in Little Shop of Horrors, and like the plant, would love to take over the world. The number of people moving into the area with good jobs and the need of a place to live is astronomical. They are often young, busy, and not necessarily looking for a lot of garden space to look after. So it is just a numbers game. Hundreds of young professionals are looking for homes and only 5 people  selling a condo or town home in Palo Alto 

If you are planning on selling your Palo Alto condo or town home this year, do it now, while there is so little inventory and so much interest. You won't be sorry!

 

When To List That Slightly Odd Palo Alto Home 

12/28/2012

 

The real estate market in Palo Alto is probably one of the best ones for sellers in the county. There are many times more buyers

than sellers in Palo Alto, but that does not mean every home sells instantly with multiple offers for hundreds of thousands of dollars

over asking price.

 

If you are a Palo Alto home seller and own a home that may have a limited market appeal there are some things you can do to help you get a better price and terms when you sell your Palo Alto home. 

 

Selling a Palo Alto home

 

There are several reasons why your Palo Alto home may have a limited market appeal. these include:

 

1. Located on a busy street

 

2. Located very close to the Cal Train tracks

 

3. Located very close to 101

 

4. Having an odd floor plan, like having 2 bedrooms on one floor and 2 bedrooms on another floor

 

5. Located close to electric transformer towers

 

The general rule is any home in Palo Alto can sell for the right price, but you want to optimize the price you get for selling your

Palo Alto home. So here is a great piece of advice.

 

SELL YOUR PALO ALTO HOME AT A TIME WHEN YOU ARE LEAST LIKELY TO FIND OTHER PALO ALTO HOMES LISTED. THIS WAY YOU WILL HAVE THE LEAST AMOUNT OF COMPETITION AND THEREFORE THE ATTENTION OF THE MOST BUYERS.

 

The times when there are the fewest new listings competing with the Palo Alto home you want to sell would be:

 

1. On a holiday week-end

 

2. In the month of Aug or the second half of December

 

The number of buyers looking for homes in Palo Alto is always high. If the home you are selling in Palo Alto is priced right

and has less competition you are more likely to get a better price and terms.

 

So, if you sell your Palo Alto home at a time when other Palo Alto sellers are on sidelines, you will have the best chance of getting the best price and terms.

 

 

Should I Use An Air Freshener When Selling My Palo Alto Home 

12/18/2012

 

Many Palo Alto real estate agents and stagers may suggest using a plug in type air freshener when selling your Palo Alto home. 

Is this a good idea?

 

The way a home smells can have a profound effect on how buyers feel about your home. However, some buyers are allergic  to the perfumed smell that comes out of some air fresheners, and some buyers will be concerned that you are trying to cover up a bad smell, like a musty odor.

 

There are arguments for and against using artificail smells. If you want my opinion, here it is:
 

1. If you can fill the house with fresh flowers while you are selling your Palo Alto home, that is better than an artificial air freshener. This is easier to do in the spring and summer. However, you can get good flowers all year round at Trader Joe's or the Farmers markets on Sat and Sun.

 

2. If you have pets with strong odors, like Basset Hounds, or very old and smelly cats then it is a good idea to get an air freshener. These smells will go away when you move so you do not have to worry about being accused of covering up a material fact of your house.

 

3. If some of your furniture in the home you are selling in Palo Alto is old and musty it would be worth removing it and having your home staged with more modern looking and less smelly furniture. Then add some fresh flowers or a little potpourri to give a better emotional hit from the house.

 

4. If your home is musty smelling because of water damage, wet soil in the crawl space, or unseen mildew then the decision is a

little harder. If you believe your home will be torn down you may have a different decision than if you think the home will be lived in as is or perhaps remodeled. If your home is a candidate for tear down, like an old 2 bedroom one bath Midtown home, then it will be more pleasant to have an air freshener while it is for sale.  if the Palo Alto home you are selling smells but it is large and beautiful

and just musty smelling, as many older Palo Alto homes are, do what you can to find the source and get it re-mediated before you 

sell your Palo Alto home. The investment will be worth it!

 

So the bottom line is if you are selling your Palo Alto home it should smell as good as possible. Fresh flowers are best, but if you decide to use an artificial air freshener, try to get one that smells as natural as possible. Citrus and jasmine may be better bets than cinnamon or roses.

 

Should I Sell My Palo Alto Home Off Market? 

12/17/2012

 

The answer to the question, "Should I sell my Palo Alto home off market ?" is.... wait for it..... It Depends.

 

The way to get the highest price and the best terms for a house is to give it maximum exposure on the open market. 

 

However, right now the inventory is so low and communication between agents so good, that off market selling of Palo Alto homes with excellent target marketing is giving good results to home owners trying to sell their Palo Alto homes.

 

Selling a Palo Alto home

 

The most common reasons for wanting to sell your Palo Alto home off market are:

 

1. Privacy. Some people do not want hordes of people descending on their home, or knowing what their home is worth.

 

2. Convenience: For some Palo Alto homeowners the amount of work that needs to be done to put a home on the open market is unreasonable. There may be someone at home who is disabled or ill. There may be sensitive pets at home. 

 

3. Safety: Some Palo Alto homeowners are concerned that bringing strangers into their home will put their families or themselves at risk.

 

 

What ever your reason for not wanting the public in your home make sure that if you want to sell your Palo Alto home off

market that you give very clear directions to your realtor. Make a decision about the following and make sure your real estate agent knows your wishes:

 

1. Discuss how your home is to be marketed. If your agent is going to put 2 page color ads in the local papers or on-line with your home's address, it sort of negates the privacy desire. If there are going to be ads you might want just the name of the street or the neighborhood and a picture of the back of the home or an inside room if there is going to be any advertising.

 

2. Be very clear about how and when the home can be shown, and to whom. It is perfectly reasonable to ask your agent to contact individual agents or offices and to set limited times for showings. There are so many people who are looking for Palo Alto homes to buy and so few homes that your agent should be able to get a good pool of potential buyers with a few emails and phone calls.

 

3. If you want to prevent unqualified buyers from viewing the home feel free to ask your agent to require that anyone who is going to be brought in by his or her agent show proof of funds and/or loan approvals.

 

4. When you sell your Palo Alto home off market pricing may be a little different than on a fully marketed home. The common practice of under pricing a Palo Alto home is not the best method in an off market sale. I believe you should price your home at market value and then if the market is appreciating you may get more. A bidding war is not really compatible with a private sale.

 

Remember, if you want to sell your Palo Alto home without full exposure to the market there are plenty of ways to do that. Just make sure your wishes are clearly stated to your Palo Alto real estate agent and you should be able to sell your Palo Alto home 

for market price or above.

 

 

How to Sell A Palo Alto Home With Pets 

12/13/2012

 

What is the best way to sell your Palo Alto home when you have pets? In a word, quickly.

 

Selling a home in Palo Alto can be stressful for humans, but for pets even more so. It is very disruptive for our pets to have the house invaded by hordes of strangers, food and litter boxes to be put in different places, and to be locked into small spaces.

 

So what do you do if you are selling your Palo Alto home and you have pets?

 

Selling a Palo Alto home with pets

Let's start with some things that are not a good idea:

 

1. Leave a sign on the door saying, "please don't let the cat out" and let the cat have the run of the house. No one will remember and the doors will be left open allowing your declawed, helpless cat out.

 

2. Leave a note saying, "your adorable little dog is totally friendly so just come in." Your fightened angel may get her tail pulled by a todler and bite. This is not a normal situation.

 

3. Take away the litter box from a cat who uses one regularly in an attempt to keep the litter smell out of the house.

 

Some more appropriate options when selling your Palo Alto home with pets.

 

1. Price your home appropriately so it sells quickly. That way there will only be a week of disruption.

 

2. On open house week-end have the house open all day, not just 1:30-4:30 so that you maximize the number of people who can see your home and minimize the time you need to make arrangements for your pets. Get your dogs out of the house for the open house and put your cat in a crate if she is not allowed outside.

 

3. If you are not going to restrict your home to appointment only do not leave your dog loose in the house. Either put her in a crate or the garage and tell people not to go in the garage. Or have week day showings by appointment only and remove the dog for showings.

 

4. If your cat goes in and out at will make sure you have a picture of your cat near the door so that a buyer does not

accidentally let someone else's cat in your house.

 

5. If you do not want your cat outside put him in the garage or a crate and do not let anyone go in the garage.

 

It is not fun to sell your home in Palo Alto when you have to think about your pets also, but it can be done. If you need to do appointment only it is not the end of the world. You can schedule showing times ahead of time at your convenience and long

open houses. There is so much interest in Palo Alto homes for sale, a motivated buyer will work around your schedule and it will

be much easier for your four legged friends.

 

 

Repairs Need to Disclosed When Selling A Home in Palo Alto 

12/10/2012

 

If you are selling your home in Palo Alto that you have been living in for 20, 30, 40, or 50 years, you have probably done a lot

of repairs and/or improvements over the years. When it comes time to sell, the disclosures will ask you to list these improvements.

The amount of space you are given is fine for someone who has lived in a house 5-7 years but completely useless for many of the long time Palo Alto residents who have spent decades here. Palo Alto is such a wonderful to place to live, there just are not that

many people who want to sell their Palo Alto home and move somewhere else.

 

However, if you are one of those people who is going to sell your home in Palo Alto the easiest way to disclose your repairs

and upgrades is to make a separate list and add it to the disclosures, not to try to fit them on the existing paperwork.

 

Start by having one list for the repairs you have made. This would include things like calling rotor rooter to snake out the sewer line, or fixing a leaking sink. If the thing you repaired is no longer in the house, like a burner on a stove you no longer have then it does not have to be listed.

 

You should have another list for improvements. This would be things like putting in double paned windows, a new kitchen, or a

new roof. You will find this list very helpful when you have to determine the basis of value when selling your home in Palo Alto.

Talk to your accountant about that one.

 

So if you are a long time Palo Alto homeowner and you are going to sell your home in Palo Alto be sure and make a list of the repairs and improvements you have done over the years and add them as an addendum to the standard disclosures. Do not just

fill in the repairs you can fit on the disclosure page and stop there.

 

Should I Remodel My Kitchen Before Selling My Palo Alto Home? 

 12/05/2012

 

Palo Alto Kitchen

 If the home in Palo Alto you are selling looks like this you probably need to do something.

 

 

If the Palo Alto home you are selling looks like this, probably not.

Palo Alto Kitchen

 

The most important thing to remember when selling your Palo Alto home in this very hot market is to answer the question: Can a

typical family cook in my kitchen? If the answer is yes, then I would recommend staging before trying to sell your Palo Alto home. A person buying your home can remodel the kitchen to their heart's delight after the fact, but if you spend a lot of money on remodeling before selling your Palo Alto home you could be wasting money by doing something that is not what the buyer wants.

 

Selling a Palo Alto home

 

However, if your kitchen looks like the top one, it is so bad that most people would probably not want to cook there. If that is the case I would suggest getting appliances that work, paint the cabinets, and put on a low cost solid surface counter. That way the kitchen in the home you are selling in Palo Alto will be livable if the eventual buyer wants to wait a while before spending the money to upgrade the kitchen.

 

Remember, when selling a home in Palo Alto the kitchen does not have to look like it came out of Sunset Magazine. As long as the

buyer feels that it is good enough to cook in, even if it is only temporarily until they do a full remodel, then you should be ok.

 

The market for selling Palo Alto homes is so strong that the difference between what you spend and what you get from a big remodel

do not justify spending $30,000 to $50,000 before selling your Palo Alto home.

 

12/02/2012

 

The short answer to the question are newspaper ads effective for selling a home in Palo Alto is no.

 

If you need more explanation then I am happy to give it.

 

According to The National Association of Realtors (who studies these things extensively) only 2% of buyers find the home they buy

through newspaper and print ads. My guess is in Palo Alto home sales that percentage is even less because we have such a high percentage of internet savy buyers in this area.

 

So, why are there so many huge ads for selling Palo Alto homes?

 

Simple answer, agents are actually advertising themselves more than they are the Palo Alto home they are selling

 

That is fine, everyone has a right to promote themselves.

 

Selling a Palo Alto Home

However, if you are selling your Palo Alto home then you should be more concerned about how your home is going to be advertised

on the internet than in the local papers. Nationally 36% of buyers find their home on the internet and probably more in Palo Alto.

 

Open house annoucements are not useless, especially if they show up on the online version of the paper.

 

Now I am a fan of newspapers and would like to think that they will survive the digital age. But my personal fondness has nothing to do with helping you sell your Palo Alto home

 

To get the most exposure for selling your Palo Alto home have the most internet presence possible. That means make sure your agent uses virtual tours, single property websites, listing syndication, blogging, and enhanced listings on the major real estate websites like Realtor.com, Trulia, and Zillow.

 

So, if you are selling a Palo Alto home, those big, colorful ads with fabulous pictures taken with a wide angle lens will make a great momentum, but that is not what will sell your Palo Alto home, the internet will.

11/30/2012

 

first thing to do when you are trying to sell your Palo Alto home and you find out your brick chimney is cracked is: don't ignore the situation and don't panic, it is not the end of the world.

 

Chimneys of homes built in Palo Alto, unless they are newer homes, were usually built with brick chimneys that do not have metal reinforcements to withstand earthquakes. In the Loma Prieta Earthquake of 1989 many chimneys cracked at the roof line. What this

means is that the already weak structures is even more vulnerable to coming down in the next earthquake.

 

Many homeowners are not aware that their chimney is broken and only discover the problem when the home is inspected prior to selling their Palo Alto home

 

This potentially dangerous crack can be fixed before the chimney comes down for about $3000 or if you wait for an earthquake to bring it down, the damage it can cause can easily run in the $20,000 to $30,000 range.

 

So if you had a chimney inspection before trying to sell your Palo Alto home and the inspector said the chimney is cracked at the roof

line, or that the chimney moves when it is pushed on, you have two choices.

 

1. Get it fixed before you sell your Palo Alto home. You will have to shell out about $3000 but it will make your home more appealing to buyers and if there is an earthquake during the time you selling your Palo Alto home you will be safe from this particular danger.

 

2. Sell the house "As-Is" just disclosing the defect and let the buyer factor that expense into their offer. You will not have to put the

money out up front, and the market is so hot in Palo Alto it may not effect the price very much. However, if there is an earthquake

during the time you are selling your Palo Alto home and the chimney comes down, taking part of the roof and siding with it you will be sorry.

 

 

Because the market is so hot with so many multiple offers there are many things a Palo Alto home seller can leave for the buyer to do,

like termite work, old water heaters, and even old roofs. Most homes are sold "As-Is." But leaving a broken chimney is a gamble.

 

So the question is: "Are you feeling lucky?" If not, fix the chimney.

 

 

The raining season is starting. If you are thinking of selling your Palo Alto home in the rainy season (Dec-March) it really is a good idea. There are many reasons that it is great to sell early in the season rather than waiting until the spring to sell your Palo Alto home.

 

1. School registration opens at the end of January. Since some of the elementary schools have more registrants than they have places, if you do not register your child when registration first opens they may be sent to a school in a different Palo Alto neighborhood.

Many buyers want the school issue settled and do not want to wait until Aug. to find out where their children will be.

 

2. If a buyer sees your Palo Alto home for sale when there has been 6 inches of rain in the last week they will feel more confident that the roof doesn't leak and the crawl space is not flooded and will be more likely to offer with fewer contingencies.

 

3. Open houses are a major Palo Alto form of entertainment. If it is raining the serious buyers will not be deterred from coming to see it, but your nosey neighbors will.

 

4. There is less competition from other homes in the market in Palo Alto in Jan and Feb than in April or May.

 

There are some things you can do to make sure your home shows well even on dark, raining days.

Selling a Palo Alto Home

1. Keep the lights on when selling your Palo Alto home, whether you are home or not. This is not very environmentally sound, but do it.

 

2. Keep the heat on when you are selling your Palo Alto home. Make your visitors feel warm and cozy.

 

3. Do not use the fireplace when selling your Palo Alto home. Many buyers and their children could be allergic to the smoke.

If you have a gas fireplace use it, and if not you might think about getting a portable electric fireplace to make the house seem cozier.

 

4. Make sure you have plenty of mats for people to wipe their feet when you sell your Palo Alto home. You are going to get some mud and dirt in the house no matter what you do, so be prepared to do extra mopping and have plenty of Resolve carpet cleaner on hand.

 

5. When selling a Palo Alto home in the rain put out fresh flowers. I know they cost more in the winter, but the effect will really

brighten up the house.

 

So open the umbrella and get your Palo Alto home on the market so you can sell it and get a jump on the competition.

 

 

 11/14/2012

 

When selling a home in Palo Alto one of the biggest questions is, "how should I price it?" The market is so tilted towards sellers,

what should you do to get the maximum amount when selling your Palo Alto homeShould you list, high, low, or at market?

 

Some agents and Palo Alto home sellers like to price their homes very low in order to generate as many offers as possible with the

idea that this will get you the best price and terms with 5-20 buyers bidding on your home.

 

Here are the pros of under listing your Palo Alto home:

 

1. You will probably get many offers and someone who is really motivated to buy may offer more than they might have if there

were fewer offers.

 

2. Contingencies will probably be waived by the buyer in an attempt to be more competitive.

 

 

Here are the cons of under listing your Palo Alto Home:

 

1. Sometimes events happen that are out of your control and the offer date may coincide with some event that make buyers think

they do not want to buy a home. (Like a precipitous drop in the stock market one day.) You could be left with only a bottom feeder

and not get the price you want. 

 

2. The feeding frenzy that goes along with so many offers stresses people out and they may offer something that they really should

not have. They are more likely to become uncomfortable with their purchase and this is a situation that is more likely to lead to a

post closing lawsuit than if the buyer was totally comfortable with their offer.

 

 

If you over price your Palo Alto house it will most likely sit. Buyers are very knowledgeable right now and are unlikely to put up

with a listing price they feel is unreasonable. You will most likely get less money by over listing when selling your Palo Alto home

and you will be more vulnerable to buyers demanding long contingency periods and demands for repairs or credits.

 

My best advice for selling your Palo Alto home is to price it on the lower end of fair market value. At this price you should:

 

1. Get multiple offers with a good chance of getting a very clean offer without having to deal with 20 offers and people feeling they

have been bullied into making an outrageous offer.

 

2. Have no or reasonable contingencies and if a buyer makes an offer on your Palo Alto home with no contingencies it is more likely to be because they are comfortable with your inspections and disclosures and not out of fear of not getting the house.

 

 

So remember, if you are selling your Palo Alto home it is important to think carefully about the pros and cons of various pricing strategies.

 

 

I am sure you have read the news paper articles, and heard all your neighbors talking. The Palo Alto real estate market is

on fire! Homes are getting multiple offers and selling for hundreds of thousands of dollars over asking prices. Buyers are

buying homes in horrible condition and on busy streets. People are desperate to buy a home in Palo Alto so selling your Palo

Alto home should be so easy why would you spend any money on preparing it for sale?

 

Palo Alto Home

 

There is a very good reason for spending money to get a home prepared for sale:

 

YOU WILL MAKE MORE MONEY SELLING YOUR HOME IF YOU SPEND MONEY WISELY

 

So, how should you spend money? 

 

Today, I want to talk about the first thing that should be done when you want to sell your Palo Alto home.

 

GET INSPECTIONS

 

At a minimum when selling your Palo Alto home get a property and termite inspection (about $750 for the two) and even

better a roof and chimney inspection,  (about $300) and a foundation inspection ($500-$800)  for any home built before 1950 or

where the property inspector suggests one.

 

The only exception I would make for this would be if your home is red tagged as uninhabitable by the city. You may see every

home on your midtown Palo Alto block being torn down and being replaced by a big new home, but as long as your home is

not being held together by termites (and sometimes even if it is) there is going to be someone who would move into it and

not tear it down. That person may want to give you a better offer than 10 others who want to tear it down.

 

If you do not

do the inspections ahead of time and the best offer is from a buyer who is going to live in the house that person

will not be able to make an informed decision about the value of your Palo Alto home without having inspections. If they are

done before the buyer makes an offer they will have the information they need to make an informed decision. If you do not do inspections before selling your Palo Alto home, the buyer will need an inspection contingency which could reveal all kinds of

issues that could potentially derail the sale.

 

So, to summarize, if you are going to sell your Palo Alto home spend some money up front and get your inspections up front.

This will enable all buyers to make an informed decision as to how much they want and can afford to pay for your pot of gold,

your Palo Alto home for sale.

 

 

A few weeks ago I spent some time at my aunt and uncles house in Great Falls, Virginia. It is a beautiful place, that reminds

me a little of Portola Valley or West Atherton. Big lots, big houses, rolling hills. Most of the homes in Great Falls are traditional.

That is they have brick exteriors, but also the insides have a lot of rooms and do not have the open kitchen family rooms

or walls of windows.

 

The kitchens, family rooms, and living rooms are all separate and very distinct rooms.

 

When my aunt designed their house 7 years ago she wanted fewer bedrooms (only 4 in 7000 square feet)

but an open feeling, and came up with a floor plan that looks very much like the homes being built today in and around Palo

Alto. As a Palo Alto resident and REAL ESTATE AGENT I feel very much at home in their house.

 

So, I was very shocked when they said that they knew that since their house was so different from the other homes in

Great Falls they would have trouble selling it. Well, as a PALO ALTO REAL EASTATE AGENT of course I know better. People

come here from all over the country as well as the world and universally they almost all say the same thing.

 

Palo Alto kitchen

 

I WANT OPEN SPACES! So, I know that the same demographic of buyers on the other side of the country wants my aunt and

uncle's floor plan.

 

Ok, so why am I wasting your time talking about a home 3000 miles away? There actually is a point. If you are worried about selling your home because it is not like all the other homes in Palo Alto, don't be. 

 

1. You may be surprised that your home is actually appealing to home buyers even if you think it has a fatal flaw or 2.

 

2. The inventory is still so low buyers are willing to compromise on many issues just to get a home in our great town and are

often willing to spend the time and money to make the changes they want.

 

 

 





Home Page  |  Contact Me  |  Site Map  |  Toolkit  |  Client Login

©1997-2014 Real Estate Websites by PropertyMinder. Privacy Policy, Terms of Use. All rights reserved.